Copper extends its gains in 2026 with rising precious metals and an AI boom
Copper has seen a significant surge, amidst rising prices of precious and industrial metals in 2025, and the gains are not over yet if the recent supply and demand forecasts hold true, as it awaits another year of profits under the AI boom.
Copper ended 2025 with an increase of about 44%, reaching a new record level this week. However, the AI boom may be the key to another fifteen years of increasing demand, while supply is expected to remain constrained.
The S&P Global recently published an analysis of the copper market, predicting that demand will rise by 50% by 2040, reaching 42 million metric tons. Copper is a vital component in servers, cooling systems, power connections, and many backup components designed to reduce downtime. AI data centers are more intensive and energy-consuming compared to traditional facilities, and can use four times the amount of copper, according to "TCu29," which provides copper-backed digital tokens.
The report also indicated that it will be extremely challenging for the mining sector to keep up with this growth, given companies are suffering from aging mines and regulatory hurdles
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