Amazon secures copper production

Advertisement/Advertising - This article is distributed on behalf of Canada Nickel Company Inc. and Axo Copper Corp., with which SRC swiss resource capital AG has paid IR advisory agreements. Creator: SRC swiss resource capital AG · Author: Ingrid Heinritzi · First published: January 19, 2026, 5:35 p.m. Zurich/Berlin

Amazon has secured Rio Tinto's copper production at a plant in Arizona in a two-year contract. Copper demand could rise by 50 percent by 2040. The copper that Amazon has secured under contract is to be used for the construction of data centers. This shows how energy and infrastructure projects controlled by artificial intelligence are fueling demand for the reddish metal. Cables, circuit boards, and wires consume raw materials. In terms of price, copper has risen by around 40 percent in 2025, from around $9,000 to around $13,000 per ton. In addition, global copper stocks are rather scarce, which is why a massive surge in demand is expected.

The metal markets are continuing their strong start to the year. Gold, silver, copper, tin, and nickel are all showing impressive price developments. Sentiment on the Chinese financial markets has improved, and lower interest rates are expected in the US. In the case of nickel, rising demand from stainless steel mills in China and from EV battery manufacturers is driving up prices. The AI industry knows that it urgently needs critical metals, as the deal between Amazon and Rio Tinto shows.

All in all, the global economy appears to be entering a phase in which demand for energy and raw materials is rising sharply. It is well known that electric vehicles consume many times more copper in their production than conventional combustion engines. Wind turbines also consume copper. Around 30 tons of copper are used in a wind turbine. And photovoltaic systems, the number of which is constantly increasing, cannot function without copper either. Companies that own the coveted raw materials in their projects include Canada Nickel Company and Axo Copper, for example.

Canada Nickel Company - https://www.commodity-tv.com/ondemand/companies/profil/canada-nickel-company-inc/ - has nickel and cobalt in its Crawford project in Ontario. According to the Canadian government, this is a project of strategic importance. The company has published very good mineral resource estimates for eight of the nine properties.

Axo Copper - https://www.commodity-tv.com/ondemand/companies/profil/axo-copper-corp/ -  owns the La Huerta copper project in Mexico. It covers approximately 11,300 hectares and is a new copper discovery in the promising Sierra Madre belt. The company recently acquired Sapuchi Minera and with it the Antonio gold project in Mexico.

Current company information and press releases from Canada Nickel Company (- https://www.resource-capital.ch/en/companies/canada-nickel-company-inc/ -) and Axo Copper (- https://www.resource-capital.ch/en/companies/axo-copper-corp/ -).

Further information is also available in our new battery metals report at the following link: https://www.resource-capital.ch/en/reports/view/battery-metals-report-2025-11-update/

Sources:

https://www.finanztrends.de/news/rio-tinto-aktie-amazon-greift-zu/;

https://deutsche-wirtschafts-nachrichten.de/708851/energiewende-warum-der-kupfermangel-das-eigentliche-problem-der-klimaneutralitaet-ist;

https://www.resource-capital.ch/en/reports/view/battery-metals-report-2025-11-update/

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