Zijia Song at Bloomberg wrote about copper becoming a hot commodity as AI data centers and power-grid buildouts drive demand. The metal hit record highs in 2026 after climbing more than 45% over the past year, trading above $14,300 a ton on the London Metal Exchange, and the piece looks at how investors of different sizes are getting exposure, from miners like Freeport-McMoRan to grid contractors like Quanta Services to commodity ETFs.
I was one of the advisers Bloomberg spoke with for the story. My general view on themes like this is consistent: the demand story for copper is real, because you cannot build a data center or expand a grid without it, but a strong narrative is not the same as a good entry point. Commodity prices are volatile, single-metal exposure concentrates risk, and most households already own the theme indirectly through diversified index funds that hold the miners, the utilities and the industrials.
For clients who want a deliberate position, I prefer a small, defined allocation with a reason attached to it, not a bet sized by how good the headline sounds. The article is a good primer on where the demand is coming from and what the options look like.
Read the full article at Bloomberg →
