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Copper demand will surge globally as electric vehicles, renewables and artificial intelligence data centres require the metal far more than the current industries
The price of the metal has surged and BHP has bid for miner Anglo American, but the bull case for the metal is a bit more complicated than it seems.
Trafigura's chief economist believes artificial intelligence will increase copper demand by one million tonnes per year by 2030.
Copper Demand Linked To AI: The energy transition, which includes electric vehicles and renewable energy technologies, is expected to fuel a surge in copper consumption over the coming years as the world moves towards eliminating carbon emissions.
Hindustan Copper's stock prices soared by 118% in the last five months and delivered multibagger return of 215% in a year. The company benefits from the global copper price surge and increased demand from various sectors in India, including renewable energy and electric vehicles.