In recent years, gold and silver have provided impressive returns for investors, but a new metal is emerging with potential even greater than these precious metals. According to an expert, the unlimited demand for copper driven by advancements in AI and electrification is setting the stage for a massive commodity supercycle, likely causing copper prices to surge. Robert Friedland, founder and co-chairman of Ivanhoe Mines, asserts that increasing production costs and unprecedented demand are key factors that will contribute to rising copper prices.

Friedland shared a bullish outlook for copper during his speech at the Future Minerals Forum 2026 in Saudi Arabia. He highlighted that while crude oil prices have remained stable around $53 per barrel over the past five years, copper prices have seen a remarkable increase, reaching an all-time high of $13,400 per metric ton despite some recent volatility. This optimism about copper's future is backed by expectations that demand will only increase as the technological landscape evolves and economies pivot towards more electrified systems.

The anticipated surge in copper prices is largely attributed to the upcoming needs for infrastructure and technology driven by renewable energy and electric vehicles. As global economies increasingly focus on sustainable development and the shift towards electrification grows, the demand for copper will undoubtedly rise, leading to a bright future for this metal in the investment landscape.