AI Data Centers as a "Super Engine" for 2026 Copper Demand

Published: Jan 5, 2026 11:58

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A January 2026 report by Morgan Stanley forecasts that global data center copper consumption will rise to 740,000 tonnes in 2026 (approx. 2.1% of total demand) and challenge the 1 million tonne mark by 2027, driven by the AI infrastructure boom. This explosive "new copper mine" demand makes "urban mining" for copper scrap essential, further intensifying competition for high-grade scrap copper.

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