The Power Grid Arms Race: Why Copper Is Becoming the Hidden AI Trade
Artificial intelligence may be powered by code, but it is constrained by physics. Data centers require enormous amounts of electricity, and electricity requires copper. As hyperscale operators race to secure power capacity for AI workloads, utilities are accelerating grid upgrades, transformer deployments, and transmission expansions. That surge in infrastructure demand is quietly reshaping the copper market.For years, copper's investment narrative revolved around electric vehicles and renewable energy. Today, AI infrastructure is adding a layer of demand that did not meaningfully exist ...