LS Group shares surge 11% as copper hits record on AI grid demand

  • LS Group affiliates rallied as copper prices reached records and AI data-center demand strengthened.
  • Three-month LME copper reached $14,703 per ton on the 8th, up 18% this year.
  • Chile supplied 25% of global copper mine output, while bad weather disrupted mines and ports.

Shares of LS Group affiliates rallied as three-month copper on the London Metal Exchange reached a record $14,703 per ton on the 8th, while artificial-intelligence data-center expansion intensified demand for power-grid equipment. LS rose 11% to around 336,500 won by 11 a.m. on the 9th, with Gaon Cable up 16.92% and gains across LS Eco Energy, LS ELECTRIC, LS Materials and LS Marine Solution. Copper has climbed 18% this year as inventories diverged sharply across exchanges, bad weather disrupted Chilean supply and U.S. tariff expectations redirected metal toward COMEX. Analysts and industry officials said LS Group's cables and power-equipment businesses can pass higher raw-material costs into selling prices, creating both inventory valuation gains and revenue support. The source also described the copper concentrate shortage as structural, with major technology companies reportedly exploring long-term mine purchases and equity stakes as AI data-center growth worsens power-grid shortages.

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LS Group shares surge 11% as copper hits record on AI grid demand - CoinPost Terminal