The growth of artificial intelligence is driving a surge in electricity demand, positioning copper as a vital component for data centers and power grids. Despite this, domestic U.S. copper production has stagnated for decades, forcing a reliance on imports as global competition intensifies.
Projects like Rio Tinto’s Resolution mine in Arizona illustrate the challenges of increasing domestic supply, from regulatory delays to rising costs. With China dominating processing, industry leaders warn that rebuilding U.S. capacity is a strategic priority.
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Source · Bloomberg — Technology
