Reported 11 months ago
Newmont Corp. CEO Tom Palmer anticipates a major trend in metals due to the rising demand for copper and other key metals with the emergence of artificial intelligence in computing technology. He predicts more consolidation in mining companies to meet the global demand for resources and mineral prospects. The tech industry's need for metals like gold, silver, platinum, and especially copper for AI applications is highlighted, with copper being essential for powering data center machinery. While metals prices are rising, there are warnings of a potential market vulnerability and stock market impact.
Source: YAHOO