Copper

Related research

• Metals in AI infra: origins, S&D, refining & costs | 2026 deep dive 2026-08-26

  Copper ~5.2% of AI DC CapEx; tin most fragile (8.2/10 scarcity). Eight charts + five tables: origins, refining (China ~57% Cu), costs, downstream BOM, equity map. Links nonferrous / copper / AI infra notes.

• Copper S/D deep-dive & international price/mine outlook | 2026 2026-08-04

  ICSG sees refined surplus 2026–27 while LME prints near $14k; US stockpiling distorts regional balances. See #references. Also nonferrous.

• Nonferrous metals deep dive · 2026 H2 update (Aug 2026) 2026-07-20

  Cu near $14k: ICSG surplus vs US stockpiling; Al mid ~$3300; Li/Co/Sn diverge. Links copper S/D and battery packs. #references updated.

• Copper: Supply constraints & grid CapEx map 2026-04-08

  LME copper ~$4.62/lb (Aug 2026); grid CapEx and new-energy wiring support the medium term; near term still USD / China property sensitive. See copper S&D outlook.