The price of copper has surged nearly 10%, driving the copper industry chain with the help of AI.

Copper is a key raw material supporting the development of traditional manufacturing industries, as well as being a necessary material for emerging industries such as AI. Since the beginning of this year, international copper prices have continued to rise, with the three-month copper futures price on the London Metal Exchange up nearly 10%, stabilizing above $13,600 per ton in late May. The domestic Shanghai copper main contract has risen from 92,000 yuan per ton at the end of March to nearly 105,000 yuan. Due to the strong demand for downstream products using copper as raw material, upstream mines are running at full capacity to meet the demand. China is the world's largest producer and consumer of copper products, with copper consumption accounting for over half of the global total. In recent years, the rapid development of emerging industries such as AI and new energy has led to strong demand, resulting in overall low copper inventory levels and further supporting copper prices at high levels.