Supercycle in sight as copper sets course for US$15,000
Copper is trading near record highs above $14,000 a ton amid a severe supply squeeze, with structural demand from AI data centers and clean energy colliding with a projected shortfall of up to 10 million tonnes a year over the coming decade. Declining ore grades and long mine development timelines mean supply cannot keep pace, setting the stage for what could be shaping into a decade-long infrastructure super cycle.
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