BHP Says AI Boom Will Worsen Copper Shortage Highlighting the growing global demand for copper, BHP, the world's largest miner, predicts that artificial intelligence (AI) and data centers could boost copper demand by 3.4 million tonnes annually by 2050. Data centers, though currently less than 1% of copper demand, are expected to account for 6-7% by mid-century. BHP forecasts global copper demand to rise 72% to 52.5 million tonnes by 2050, spurred by the electrification trend. Global copper shortages are exacerbated by slow mine development, with inventories hitting record lows. (Source: https://www.mining.com/bhp-warns-ai-boom-would-worsen-copper-shortage/)
Boasting a resource of 400 million pounds of copper and 286,000 ounces of gold with significant potential for expansion, Abitibi Metals (AMQ.c AMQFF) is developing one of Quebec's most promising mineral assets, the B26 Deposit. As detailed during the 2024 Beaver Creek Precious Metals Conference, AMQ has completed 13,500 meters of drilling thus far in 2024 and is fully funded to complete the remaining 16,500 meters: https://x.com/StckMasterFlash/status/1836530154580930611
Posted on Behalf of Abitibi Metals Corp.