BHP (
BHP.L,
BHP) the world's largest miner by market cap has reported that it predicts a 72% increase in global copper demand by 2050, driven by demand for data centres and the clean energy transition. We at investorAi have been trading this move as we have reported to clients in some very successful transactions.
The surge in artificial intelligence (AI) is expected to exacerbate the projected copper shortage, a critical resource for the clean energy transition, according to BHP, the world’s largest mining company.
Vandita Pant, Chief Financial Officer at BHP, informed the Financial Times that the rising demand for energy-intensive computing in AI and data centres could drive up global copper consumption by an additional 3.4 mi ...
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