Copper prices just broke through the historic high of $13,388 per ton. On the surface, it seems to be driven by supply and demand, but peeling back the layers reveals a more explosive fact — the US holds 50% of the world's copper reserves, yet its consumption accounts for only 10% of the global total.

How outrageous is this number? To put it plainly, the US is effectively "locking down" copper, while supply pressures in other regions continue to intensify. Once Trump's tariffs were implemented, the global copper trade flow was directly reshaped.

BHP executives have long warned that between 2030 and 2035, the copper market will experience an irreversible structural deficit, with a shortfall potentially reaching several million tons. Once tariffs are fully enacted, a chain reaction will immediately follow.

Imagine this chain: Copper prices surge → AI data center construction costs skyrocket → Global computing power expansion is hampered → AI concept stocks face short-term pressure.

The impact on the crypto world is even more direct. The overall cost threshold for miners rises, computing power growth slows down, network difficulty adjustments can't keep up with the trend, and BTC faces increased price pressure. This isn't just a simple commodity cycle fluctuation; it's a strategic reassessment driven by the triple resonance of geopolitics, tariff policies, and technological development. The US stockpiling copper is essentially seizing the future of AI computing power and the digital economy.

This recent surge in copper prices is just the prelude to the entire metal war.