$6B Arizona investment aims to boost U.S. copper refining, easing AI and power grid supply bottlenecks.

Grupo México plans to invest $4-$6 billion over three years to expand copper mining and restart smelting in Arizona, addressing U.S. shortages in copper refining critical for AI data centers and power grids. This move could ease supply chain bottlenecks as demand for copper surges with the AI and power infrastructure boom. Key companies like Freeport-McMoRan, Southern Copper, GE Vernova, Eaton, and Hubbell are positioned across the copper supply and power delivery chain, benefiting from rising orders and backlogs. Investors should watch for project milestones and production growth to gauge if this investment relieves current constraints.

As of Oct 24, 2026 20:51 WIB, Freeport-McMoRan (FCX) trades at USD 65.18, closer to its 52-week low of USD 38.65 than its high of USD 79.91, while Southern Copper (SCCO) is at USD 185.01, between its 52-week low of USD 120.02 and high of USD 219.70. Hubbell (HUBB) stands at USD 448.10, nearer to its 52-week low of USD 407.36 than its peak of USD 557.85. These price levels reflect current market positioning amid the copper supply expansion news, with FCX showing a 1-day gain of 0.91% and SCCO up 0.77% on Pluang.