Investors Say Copper is Strongly Bullish, Can Withstand AI Pullback
Many analysts have been voicing their concerns that the AI boom could face a major correction and bring down other markets, such as commodity markets. However, investors say copper is in a structurally bullish market and the metal can survive if the AI boom unwinds. They point to several factors as the reason for their optimism. Taylor Melvin, the chief executive of Ivanhoe Electric, says there is a rush by different governments and regions to obtain supplies of key metals for economic, technology and national defense reasons. This has led to the stockpiling of critical metals, such as copper, and…