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Natural Gas Powers Ahead as Essential Fuel for Data Centres Amidst Commodity Boom
While Copper has been a hot commodity in the market, another essential resource is making waves – Natural Gas. With the rise of the AI revolution and the global race to construct large data centres, the demand for reliable power sources has never been higher.
Unlike renewables like solar and wind, Natural Gas offers steady, reliable power that is essential for data centres to operate 24/7. With almost 50% less emissions than coal, Natural Gas is becoming the go-to choice for powering these data centres.
Recently, U.S. Natural Gas prices have surged to over $2.75/MMBtu, marking a significant increase of 42% since May 1. This upwards momentum is mirrored across the commodity market, with 47 commodities hitting new multi-year and all-time record highs in the first 5 months of this year.
As we look ahead, the outlook for commodities in 2024 appears more bullish than ever. With the potential for prices to break new highs in the coming weeks, it’s crucial for investors to stay informed and capitalize on these opportunities.
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