AI data centers’ massive demand for aluminum is crushing the US aluminum industry
The boom in metal-intensive technologies like data centers and electric vehicles has made it a prime time to be in the US aluminum business. Prices are booming. Part of that is because inside every data center are cooling units, server racks, radiators, and a litany of other pieces and parts made out of aluminum. No wonder demand is high. But data centers guzzle enormous amounts of power, and electricity prices are skyrocketing. In the US alone, electricity demand is expected to grow five to 10 times faster over the next 10 years than it did in the previous decade, per Bank of America. For aluminum smelters, this is a problem. submitted by /u/yahoofinance [link] [comments]
