Next Gen Infrastructure

Beyond terrestrial grids, the push for space-based AI compute infrastructure is opening a new frontier for copper demand. While niche, these high-tech applications command massive premiums for high-purity copper, lifting the entire complex.

Supply Deficit

J.P. Morgan has reiterated its forecast for a refined copper deficit of 330,000 metric tons in 2026. With mine supply growth flatlining at 1.4%, the market has no buffer to absorb the demand shock from the tech sector.