BT set for estimated £2bn-plus windfall over next decade from selling retired copper cables
BT's plan to monetize stripped legacy copper cabling underscores tight physical copper markets as AI datacentres, electrification, and renewables drive demand. With copper at record levels, forward recycling payments signal that elevated prices are filtering into corporate cashflows and may incentivize additional secondary supply. The story reinforces the narrative of structural demand growth and potential supply constraints supporting near-term copper market sensitivity.
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NCCO724COPPER2USD/USDT-1.57%
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BT is benefiting from the recovery and sale of old copper cabling as copper prices hit record highs amid an AI-led surge in demand. The company has received a £99m upfront payment from recycler EMR, after taking £105m in 2024. As Openreach advances its full-fibre rollout, BT expects selling stripped copper over the next decade to generate more than £2bn in revenue.