markets · · cnbc.com
Copper is outshining gold this year. Investors say the rally can survive an AI correction
Copper has rallied nearly 16% this year, with strong demand driven by artificial intelligence, power grids and defense spending. Ivanhoe Electric CEO Taylor Melvin says relatively “inelastic” demand from technology and defense could help copper withstand an AI-driven tech pullback.
Copper has rallied nearly 16% this year, with strong demand driven by artificial intelligence, power grids and defense spending. Ivanhoe Electric CEO Taylor Melvin says relatively “inelastic” demand from technology and defense could help copper withstand an AI-driven tech pullback.
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