In the midst of global supply challenges, copper demand remains robust, propelled by the energy transition and advanced technologies such as artificial intelligence (AI). This mounting demand signals a bullish market trend for the versatile metal, anticipated to persist over the next three years. The prediction comes ahead of the CRU World Copper Conference slated to take place in Santiago, Chile.
Known for its unmatched electrical conductivity, copper plays a critical role in the manufacturing of motors, batteries, and wiring. It’s often seen as an economic health indicator, earning the nickname “Doctor Copper.” The metal’s importance continues to grow with the evolution of data centers powering AI servers. According to Trafigura, a leading commodities trader, an additional one million tons of copper will be essential by 2030 to meet data center demands.
Jubilee Metals Group plc (LON:JLP) is a diversified metal recovery business with a world-class portfolio of projects in South Africa and Zambia. The Company’s expanding multi-project portfolio across South Africa and Zambia provides exposure to a broad commodity basket including Platinum Group Metals, chrome, lead, zinc, vanadium, copper and cobalt.
