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Aluminum Smelters Are Restarting as AI’s Metal Bottleneck Deepens
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Aluminum Smelters Are Restarting as AI’s Metal Bottleneck Deepens
While copper has dominated the AI infrastructure trade — the Global X Copper Miners ETF is up nearly 100% over the past year — a quieter but equally critical metals story is unfolding in aluminum. Every mile of high-voltage transmission line feeding an AI data center consumes one to two tons of aluminum per megawatt delivered, and the supply side is finally responding to years of pent-up demand. Smelters that shut down during the 2022-2024 price…
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