Imminent Rallies Could Mean Now Is the Right Time to Buy Copper

By Maleeha Bengali – The Street Pro

Back in May 2024, trading floors were shrieking with echoes of copper and its relevance to the AI data center/power theme. At $11,000 per ton, Goldman Sachs claimed it as one of the best investment cases in the commodity “bull” cycle. As investors saw the prices of AI stocks make new highs, the market got desperate, drawing parallel to anything related to that theme. Low and behold, at the start of the year, copper was deemed as the next best thing to  (NVDA)  and all the AI infrastructure build-out plays.