Hindustan Copper To See Capacity Expansion With Re-Opened Mines

As artificial intelligence and data centres continue to take over the world, these are emerging as the largest users of copper as well. According to Sanjiv Kumar Singh, chief managing director of Hindustan Copper, artificial intelligence has surprisingly become the single largest consumer of copper, a fact that "very few people know." While it is well known that electric vehicles, wires, rods, and machines are major sources of demand for copper, a single AI data center consumes close to 28 to 30 tonnes of copper. This new demand driver is playing a significant role in keeping copper prices stable, according to him.