Saad Rahim News Today

OIL settled up 2 per cent on Thursday (Jun 6) after the European Central Bank (ECB) opted to cut interest rates, spurring hopes that the Fed will follow suit, and Opec+ ministers reassured investors the latest oil output agreement could change depending on the market.

Jeff Currie, Chief Strategy Officer at The Carlyle Group and former Global Head of Commodities Research at Goldman Sachs, has declared that copper is the new oil.

The rise of AI and the green energy transition are fuelling demand for the metal just as new mines become more expensive to build and harder to find

The electric vehicle, Artificial Intelligence, power infrastructure and automation boom will drive at least 10 million metric tons of additional copper demand by 2035

After rallying 15% in just two months, the copper price is at 15-month highs and analysts are betting on a bright outlook for the metal. They point to...

The AI boom and shift towards renewable energy is expected to boost copper demand by 1 million tons per annum by the end of 2030.

The AI boom and shift towards renewable energy is expected to boost copper demand by 1 million tons per annum by the end of 2030.

The chief economist at commodity trading giant Trafigura has warned that AI could tighten already-high copper demand.

The sudden explosion of AI and data centers could lead to a further tightening of the copper market.

Trafigura's chief economist believes artificial intelligence will increase copper demand by one million tonnes per year by 2030.