Marginal demand drivers for industrial metals are shifting away from real estate and traditional infrastructure toward data centers, power-grid expansion and electrification. UniCredit says copper should benefit from structural supply constraints and

2026-08-14

Marginal demand drivers for industrial metals are shifting away from real estate and traditional infrastructure toward data centers, power-grid expansion and electrification. UniCredit says copper should benefit from structural supply constraints and electrification-led demand, while aluminum is set to gain mainly from grid buildout, lightweighting and recycling. The IEA forecasts global electricity demand to rise about 3.6% annually in 2026–2030, with AI and data centers a key incremental load; meeting that new load would require roughly 50% higher global power-grid investment by 2030 versus current levels.

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2026-08-14

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2026-08-13

1. The People's Bank of China: Interest rates for newly issued corporate loans and mortgages in the second quarter were both around 3%. 2. Shenzhen's new home sales in July increased by over 30% year-on-year, with out-of-town buyers doubling after t