The world is grappling with a massive copper shortage that’s intensifying rapidly, driven by surging demand from AI data centers amid shrinking supplies. Projections show global copper demand could soar 50% to 42 million metric tons by 2040, while production peaks at 33 million tons in 2030, creating a 10 million-ton deficit.
Yet, new mines aren’t opening fast enough to bridge the gap, exacerbated by underinvestment, while investing in copper miners carries inherent risks. There is one stock, though, that is a potentially superior vehicle to profits from the impending copper price explosion.
This post originally appeared at Money Morning.