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Is Copper The New Gold?

08 May 2024 | Abstracted from The Street

"Demand for the red metal is soaring due to the need to power giant data centers for AI.

"This year, money has been moving into copper as part of the continuum of the process that results in power generation....And the demand for power generation is growing because of all the energy needed for data centers, where artificial intelligence applications are trained and live.

"...demand for more copper because one H100 GPU uses some 700 MW of power per year. That's roughly the same as a typical house."



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