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Story summary
- LME records copper at $14,875 per ton, a historic high.
- Trafigura estimates AI and data centers could add up to 1 million tonnes of copper demand by 2030.
- S&P Global projects data-center copper demand rising from 1.1 million tons in 2025 to 2.5 million by 2040.
- Metals Focus forecasts a 46 million-ounce silver deficit in 2026, the sixth consecutive shortfall.
- Solar-panel makers plan to cut silver use by 19% in 2026, testing cheaper substitutes.