Commodities Titan: AI Investment Sparks a 'Red Metal' Frenzy; Copper Demand to Be 'Extraordinarily Surging'!

Copper demand is growing exponentially, driven by artificial intelligence, data centers, and the energy transition. However, global copper supply has fallen into a structural shortfall due to three decades of underinvestment and protracted administrative approval processes.

Golden10 DataJul 2 13:39

Goldman Sachs' second-half strategy: Gold targeted at $4,900, copper price forecast revised upward again, and Asian equities still offer opportunities

In its latest outlook, Goldman Sachs noted that although Asian equities have risen significantly in the first half of 2026, the upward momentum has not yet been exhausted, and corporate earnings growth will remain the key driver supporting further market gains.

Golden10 DataJun 29 14:28

Commodities legend Rick Rule: Copper and oil are astonishingly cheap, uranium will be the 'unexpected winner' of the AI boom, and it's impossible to confirm that a bottom has formed in gold.

While tech giants pour trillions of dollars into building AI data centers, natural resource expert Rick Rule has his eye on another wealth-generating channel: copper and oil, suffering from three decades of underinvestment, are facing a supply cliff, making sharp price increases inevitable; meanwhile, uranium—the metal long forgotten by markets—is quietly emerging as the most certain hidden winner of the AI race, driven by hard, non-negotiable demand for '24/7 zero-carbon electricity.'

wallstreetcnJun 22 16:06

“Super Squeeze” Hits! Iran War Ignites Metals Markets; Copper and Aluminum Prices May Remain Elevated for Years

The conflict involving Iran is triggering a 'super squeeze' in the metals market, analysts warn, noting this episode differs fundamentally from past supercycles and could keep prices elevated for several years.

Golden10 DataJun 11 13:33

Wall Street turns collectively bullish on copper! Jefferies issues the most aggressive forecast at $17,636 and explicitly states, 'We are not bullish enough on copper.'

Jefferies analysts raised their 2030 copper price target to $17,636 per tonne, the most aggressive forecast on Wall Street, stating bluntly, “We are not bullish enough on copper.” The rationale stems from accelerating demand driven by AI data center construction and grid upgrades, coupled with underperformance in supply from two major global mines. Goldman Sachs simultaneously significantly raised its copper price forecast, while JPMorgan and HSBC have also turned increasingly bullish.

wallstreetcnJun 10 11:53

The U.S. copper buying frenzy is back! Goldman Sachs: Copper supply deficit outside the U.S. surges tenfold.

① The U.S. copper tariff review is approaching at the end of June, and the widening New York copper premium is driving global copper flows toward the United States; ② Goldman Sachs and Citi have both raised their copper price forecasts, with analysts noting that beyond short-term policy factors, supply disruptions from mines and long-term demand from AI and electrification provide fundamental support for copper prices.

cls.cnJun 2 01:14