Copper Demand Likely to Be Supported by AI-Driven Data Center Expansion -- Market Talk

Dow Jones06-17 14:57

0657 GMT - Copper demand is likely to be supported by AI-driven data center expansion, according to BofA Securities in a research note.Copper remains essential for power delivery and short-distance interconnections, while rising power demand further supports grid-related usage, the analysts say. Coupled with ongoing supply constraints, BofA expects continued support for copper demand and pricing. BofA's top pick is Zijin Mining, the largest copper producer in China, given the bank's positive view on copper prices and the company's volume growth. The bank also likes CMOC, a leading Chinese copper supplier. (tracy.qu@wsj.com)

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June 17, 2026 02:57 ET (06:57 GMT)

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