AI and Defense to Fuel 50% Copper Demand Surge by 2040, S&P Warns

AI and Defense to Fuel 50% Copper Demand Surge by 2040, S&P Warns

Global copper demand is projected to soar by 50% by 2040, driven significantly by the expansion of artificial intelligence and defense sectors. S&P Global warns this surge, from 28 million to 42 million metric tons annually, will create a severe supply deficit without substantial new mining and recycling efforts.

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