Copper Rises Toward $13,000
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Copper prices have soared in recent months but Goldman Sachs analysts say they could be due an almighty fall.
Although there are fundamental justifications for copper’s rally in 2025, Goldman Sachs said speculative inflows contributed the majority of the upward momentum in prices.
As hyperscalers hit grid limits, value shifts to gas producers, turbine makers, and copper miners. Here's how the AI power bottleneck is creating investment winners.
Amazon Web Services signed a two-year copper deal with Rio Tinto to supply AI data centers from an Arizona mine, expecting to extract 14,000 metric tons of copper over four years.
The copper, which is being produced in Arizona by Rio Tinto with bacteria and acid, will be used for data-center construction.
Copper’s evolving supply and demand drivers helped propel the metal to all-time highs in 2025. Copper prices proved resilient in 2025 despite the trade policy related volatility.
Amazon’s data centers will reportedly utilize copper from a mine in Arizona that’s leaching metal from ores using microorganisms, the Wall Street Journal reports.
Copper resumed gains as the dollar weakened on US President Donald Trump’s threats to impose tariffs over Greenland and China’s economic growth met the government target.
A suspected copper thief was arrested near the Los Angeles International Airport after police caught him and another suspect actively stealing wire from a Department of Water and Power facility, authorities said.