BHP Sees Global Copper Demand Surging Due to the AI Boom and Data Centers

Mining giant BHP expects the surge of AI computing and the exponential expansion of data centers to boost global copper demand by 72% by 2050, the miner’s chief financial officer Vandita Pant told the Financial Times. Copper is vital for power supply and transmission, and it is also used in the cooling systems and processors at data centers. So the surge in AI technologies and the massive build-out of data centers are expected to boost demand for copper, on top of the demand that will come from the clean energy rollout, BHP reckons. Global…