Making Money Minute with Ron Hiebert - Copper Used In Data Centres
Growing demand for copper is coming from an unexpected source. Huge data centres, such as the ones using Nvidia’s high end computer chips, can cost a billion dollars and need up to 50,000 tons of the orange metal per facility. With copper prices over $13,000 per ton, the price tag for the metal used in just one of these mega data centres for its computers, heat exchangers and wiring can run up to $60 million dollars. Copper is another way to profit from growth in AI and data centres. For artificial intelligence to work, they are going to need a whole lot of it. For more information listen to our Making Money Podcast with Ron Hiebert and Graham Hicks at letsmakemoney.ca or CFCW.com.
