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Copper prices could reach $22,050 per ton by mid-2027 (www.investing.com)
submitted 2 days ago by to c/finance@beehaw.org
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[–] 1 point 1 day ago* (last edited 1 day ago) (2 children)

You threw out a wild $5,000 figure yet failed to provide even a single fundamental scenario in which it actually falls that low

Investors decide en masse following the US midterms to pull out of AI. Over the next few months, datacenter projects become abandoned, contracts are shredded, and all the resources allocated for them (both for the datacenters themselves and for the electricity needed to power them) suddenly have nowhere to go. The market becomes flooded with these resources, including copper, and the value tanks.

Do I think this will happen? Probably not. Could it happen? Sure, why not?

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  • [–] [S] 1 point 1 day ago* (last edited 1 day ago) (1 child)

    I have breaking news for you: we need copper for much more things than AI related chips. Same with electricity especially in developing parts of the world. There is world outside of the United States of America. Tons of brass are needed in military alone.

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  • [–] 1 point 1 day ago

    we need copper for much more things than AI related chips. Same with electricity especially in developing parts of the world. There is world outside of the United States of America.

    I fail to see how this is relevant. If all of the copper allocated for AI datacenters and their related infrastructure suddenly entered the market, the price would tank. At the very least, it would fail to reach Deutsche Bank's projected price by a long shot.

    The point is not that the price will reach or won't reach some value. It's that the headline makes no statement of value. It could have easily been "Deutsche Bank projects the price of copper to be as high as $22,050 per ton by mid 2027" which would have been a statement of fact at least, though wouldn't be very interesting. Instead, we got the equivalent of "The price of copper maybe probably might potentially be $22,050 per ton possibly by maybe middish 2027 or so, probably" which is a completely useless statement.

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