Why copper markets are feeling the pinch due to aggressive AI data center expansion — expansive buildout to demand 1.1 million tonnes of copper annually by 2030, close to 3% of global demand

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Data center demand is skyrocketing as the generative AI revolution continues at pace. The racks of servers already use around 1.5% of global electricity, but by 2030, the International Energy Agency (IEA) expects their power demand to more than double to roughly 945TWh a year, with AI the single biggest driver of that surge.

Beyond energy and water use, and the insatiable demand for chips that has driven Nvidia to record highs and data-analytics-id=”inline-link” href=”https://www.tomshardware.com/tech-industry/semiconductors/nvidia-responds-as-meta-explores-switch-to-google-tpus” data-mrf-recirculation=”inline-link” data-before-rewrite-localise=”https://www.tomshardware.com/tech-industry/semiconductors/nvidia-responds-as-meta-explores-switch-to-google-tpus”> triggered an arms race between Nvidia’s GPUs and the tensor processing…



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Why copper markets are feeling the pinch due to aggressive AI data center expansion — expansive buildout to demand 1.1 million tonnes of copper annually by 2030, close to 3% of global demand


Data center demand is skyrocketing as the generative AI revolution continues at pace. The racks of servers already use around 1.5% of global electricity, but by 2030, the International Energy Agency (IEA) expects their power demand to more than double to roughly 945TWh a year, with AI the single biggest driver of that surge.

Beyond energy and water use, and the insatiable demand for chips that has driven Nvidia to record highs and data-analytics-id=”inline-link” href=”https://www.tomshardware.com/tech-industry/semiconductors/nvidia-responds-as-meta-explores-switch-to-google-tpus” data-mrf-recirculation=”inline-link” data-before-rewrite-localise=”https://www.tomshardware.com/tech-industry/semiconductors/nvidia-responds-as-meta-explores-switch-to-google-tpus”> triggered an arms race between Nvidia’s GPUs and the tensor processing…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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