Copper is positioned to become the next crucial industrial commodity in a manner reminiscent of oil's significance in past decades, according to a prominent commodities analyst. The current economic landscape, including the rise of AI, green energy initiatives, and increased military expenditures, is fueling a surge in copper demand that is projected to drive prices up significantly. Drawing parallels to the analyst's bullish outlook on oil in the 2000s, this recognition of copper as the 'new oil' underscores the commodity's growing importance across multiple sectors. The evolving forces within the global economy, especially the advancement of AI technologies, the push towards renewable energy sources, and heightened defense spending, are expected to significantly impact the demand for copper and its market dynamics.