Critical Minerals Boom: Copper Leads Record Highs Amid Data Center Demand

Copper prices are leading a broad rebound in critical minerals as rising electricity demand strengthens their outlook. Data centers require stronger power grids, reliable nuclear energy, and more battery storage, driving up demand for copper, uranium, and lithium.

New supply policies also support these markets, but short-term risks remain high. The improving fundamentals are evident in the price action of these key commodities, with copper prices reaching record highs.