Anglo American plc

Freeport-McMoRan Inc.

Antofagasta plc

The price of copper rose nearly 80% from its low in April 2025 to its peak in January 2026. This metal has been one of the beneficiaries of the AI boom. Its price may continue to rise. Independent analyst Mikhail Zavaraev discusses how investors can capitalize on this.

How an investor can capitalize on copper price growth 

Glencore plc

BHP Group Limited

Rally boosts investor interest in defensive assets amid inflation and geopolitical risks

Copper price soars 9%, gold continues to rise. Who benefits from the rally?

Copper prices have soared from $8k/ton in April 2025 to $13k this week

Global economy faces 'systemic risk' from copper shortage - S&amp;P

In 2025, precious metals rose in price by 64%.

Morgan Stanley predicted that gold would rise to $4,800 by the fourth quarter.

NVIDIA Corporation

Advanced Micro Devices, Inc.

AMD and Nvidia unveiled new platforms for AI data centers, robotics, and autonomous transportation at CES 2026, intensifying competition for the multibillion-dollar market for computing and "physical AI." Copper hit a new all-time high above $13,000 per ton amid risks of shortages and trade imbalances due to possible US tariffs. These and other topics are covered in our review of key events as of the morning of January 6.

The price of copper has reached a record high of $13,000. What is driving the market upward?

Ero Copper Corp.

Southern Copper Corporation

Alcoa Corporation

Century Aluminum Company

Kaiser Aluminum Corporation

Critical Metals Corp.

MP Materials Corp.

NioCorp Developments Ltd.

First Majestic Silver Corp.

Endeavour Silver Corp.

Pan American Silver Corp.

Peabody Energy Corporation

Cameco Corporation

Cheniere Energy, Inc.

Robots, artificial intelligence, and automation no longer exist only in code. They consume electricity, metals, and fuel. AI has become a new, very voracious consumer of raw materials, comparable in scale to entire industries. This triggers a commodity supercycle and redistributes capital in favor of those who control the basic resources of the new economy. Vitaly Kononov, an analyst at Freedom Broker's commodities sector, named the new beneficiaries of this supercycle.

Beneficiaries of AI and robotization: the commodity supercycle and investment ideas

Japan is increasing its budget support for chips and AI by almost four times. China is launching three major venture capital funds to invest in hard tech — from microchips and quantum technologies to neural interfaces. Nvidia has signed a licensing agreement with startup Groq. Read about these and other topics in our review of key events as of the morning of December 26.

Morning headlines: metals rally, Nvidia deal, and Japan's race for chips 


Production disruptions and risk of US duties add to pressure

The cost of copper exceeded $12,000 for the first time. The market is expecting the strongest growth since 2009

Suntory Beverage & Food Limited

The People's Bank of China keeps rates unchanged despite weak data and the lingering real estate crisis, while industrial and precious metals are hitting all-time highs. These and other topics are in our review of key events for the morning of December 22.

Highlights for the morning: China's central bank kept rates on hold, copper and gold hit records

ServiceNow, Inc.

China's retail sales growth posted its worst gain on record, barring the Covid-19 pandemic period. HBM Healthcare InvestmentsBank of Japan is preparing to start selling off JPY83 trillion worth of ETFs. AI solutions developer ServiceNow is in talks to buy cybersecurity startup Armis for $7 billion. These and other topics are covered in our review of key events for the morning of December 15.

Highlights for the morning: copper outlook, Japan's central bank prepares ETF sell-off and $7 bln deal

Copper prices, after four years of stagnation, began to rise in the last week and a half and reached record levels. Traditionally, demand for this metal, which is used in many items and sectors, from electrical wiring and batteries to construction, has been seen as an indication of the health of the global economy. Now it can also be used to judge the development of AI.