{"id":258429,"date":"2026-05-29T04:07:00","date_gmt":"2026-05-29T08:07:00","guid":{"rendered":"https:\/\/news-you-need.com\/index.php\/2026\/05\/29\/ai-is-more-than-a-technology-story-metals-are-also-winning\/"},"modified":"2026-05-29T04:25:09","modified_gmt":"2026-05-29T08:25:09","slug":"ai-is-more-than-a-technology-story-metals-are-also-winning","status":"publish","type":"post","link":"https:\/\/news-you-need.com\/index.php\/2026\/05\/29\/ai-is-more-than-a-technology-story-metals-are-also-winning\/","title":{"rendered":"AI Is More Than A Technology Story, Metals Are Also Winning"},"content":{"rendered":"

AI Is More Than A Technology Story, Metals Are Also Winning<\/a><\/p>\n

https:\/\/www.forbes.com\/sites\/timtreadgold\/2026\/05\/29\/ai-is-more-than-a-technology-story-metals-are-also-winning\/<\/a><\/p>\n

Publish Date: 2026-05-29 04:07:00<\/a><\/p>\n

Source Domain: www.forbes.com<\/a><\/p>\n

Going up. Metals used to build artificial intelligence date centers are on the rise<\/span><\/p>\n

getty<\/p>\n

The rush to build artificial intelligence (AI) data centers is more than a technology investment story, it\u2019s also about the metals to build them and the power to drive their servers.<\/p>\n

That\u2019s why Olivia Markham, one of the world\u2019s most important resource investors sees a budding mining boom.<\/p>\n

BlackRock’s New York headquarters (Photo by Michael M. Santiago\/Getty Images)<\/span><\/p>\n

Getty Images<\/p>\n

Portfolio manager, alongside Evy Hambro, of the $10 billion BlackRock World Mining Fund and World Mining Trust, Markham told a mining conference in the Australian city of Perth earlier this week that mining companies were struggling to keep up with demand for their minerals and metals.<\/p>\n

\u201cCommodity demand is simply accelerating, and the commodity intensity of gross domestic product growth continues to rise,\u201d she said.<\/p>\n

‘The AI story is as much a power and metal story as it is a technology story.”<\/p>\n

But Markham believes not enough investors recognize the direct link between AI and the commodities world.<\/p>\n

Goldman Sachs Agrees<\/h2>\n

A similar point was made a few days earlier by investment bank Goldman Sachs in a research report into the demands of Agentic AI.<\/p>\n

\u201cCurrent digital infrastructure is unlikely to sustain Agentic AI in our view,\u201d Goldman Sachs said.<\/p>\n

\u201cThese autonomous, always-on systems are 60-to-130 times more energy intensive than AI chatbots, necessitating a total rebuild of the physical architecture beyond just data centers.\u201d<\/p>\n

Rolls of sheet copper at Revere Copper Products in Rome, New York. Photographer: Lauren Petracca\/Bloomberg<\/span><\/p>\n

\u00a9 2025 Bloomberg Finance LP<\/p>\n

Copper and aluminum are the two metals riding highest on the data center building rush with big copper miners such as BHP and Rio Tinto enjoying sharp share price increases.<\/p>\n

BHP is up 36% this year, including 13% in the past month. Rio Tinto has risen by 25% this year and 8% in the past month.<\/p>\n

Goldman Sachs said in its report titled \u2018Investing…<\/p>\n

Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

AI Is More Than A Technology Story, Metals Are Also Winning https:\/\/www.forbes.com\/sites\/timtreadgold\/2026\/05\/29\/ai-is-more-than-a-technology-story-metals-are-also-winning\/ Publish Date: 2026-05-29…<\/p>\n","protected":false},"author":1,"featured_media":258430,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/imageio.forbes.com\/specials-images\/imageserve\/6a1939040db77972937c345f\/0x0.jpg?format=jpg&height=900&width=1600&fit=bounds","fifu_image_alt":"","footnotes":""},"categories":[14],"tags":[20],"class_list":["post-258429","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-artificial-intelligence","tag-artificial-intelligence"],"_links":{"self":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/258429"}],"collection":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/comments?post=258429"}],"version-history":[{"count":1,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/258429\/revisions"}],"predecessor-version":[{"id":258431,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/258429\/revisions\/258431"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/media\/258430"}],"wp:attachment":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/media?parent=258429"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/categories?post=258429"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/tags?post=258429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}