The ongoing artificial intelligence (AI) boom is driving a surge in copper demand that will lead to an unavoidable supply deficit within five years, according to veteran natural resource investor Rick Rule.
Speaking with Siyamak Khorrami on Epoch TV’s “Market Insider,” Rule said the increasingly energy-intensive lives of people worldwide have pushed up consumption of the industrial metal. With companies and countries investing heavily in AI, future demand for copper will be “staggering,” he stated.
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