Data centre growth is set to increase copper demand. According to Goldman Sachs, AI is expected to drive a 165 per cent increase in data centre power demand by 2030, almost doubling today’s installed base. Analysts estimate that every additional megawatt of data centre capacity embeds demand for tens of tonnes of metals and minerals. The World Economic Forum (WEF) has also pointed to the growing copper intensity of data centre and grid infrastructure build-outs. Copper-focused companies such as Sandfire Resources, 29Metals and Aeris Resources are also positioned to capitalise on the data centre boom.