Copper is quickly becoming one of the more important commodities in the global economy, and a favourite for investors the world over. It is used in nearly all modern systems that move electricity and data, and demand is increasingly being pulled by grid expansions and capital spending linked to artificial intelligence (AI) data centres. The [...]The post Koryx Copper: A Namibian Success Story appeared first on The Namibian.
Manufacturing & Industrial: Increased demand for copper directly benefits copper mining companies, boosting revenues. However, it also presents challenges to industries that rely on copper, such as electronics manufacturing, requiring them to find ways to mitigate cost increases. Energy & Utilities: The growing energy consumption of AI data centers necessitates grid expansions, further driving copper demand. Utilities need to plan for this increased demand and potentially invest in smart grid technologies to optimize energy distribution and minimize copper losses.
Operators of AI data centers will face increasing pressure to optimize energy consumption and resource utilization due to the rising cost of materials like copper. This necessitates exploring innovative cooling solutions, energy-efficient hardware, and potentially alternative materials to reduce reliance on copper and minimize operational expenses.