Betting on the new path of "AI dividends"! Barclays mentions copper, nickel, and rare earth as the "three horses", it is the right time to long Chilean peso and Indonesian rupiah.

Barclays Bank has stated that the currencies of emerging market countries producing key metals and minerals for artificial intelligence will see a boost in the coming years. Strategists at Barclays Bank wrote in their 2026 "Stocks and Government Bonds Research" report that developing countries such as Chile, Peru, Brazil, Indonesia, and China are expected to benefit as the artificial intelligence construction boom impacts commodity prices. The report analyzed the potential impact of artificial intelligence and humanoid Siasun Robot&Automation. They wrote that compared to the commodity boom led by China in the early 21st century, these countries "should particularly benefit from this momentum, experiencing export growth, improved trade conditions, and increased investment." Chilean peso closely tied to copper prices Among the emerging markets mentioned in the report, Chile and Peru are major exporters of copper, which is crucial for the electrification related to artificial intelligence due to its heavy use in power grids, transmission infrastructure, and data center wiring. Indonesia is the largest producer of nickel, which is a key input for batteries and energy storage systems supporting the growing power demand from artificial intelligence. Meanwhile, China controls crucial rare earth magnets that are essential for chip manufacturing equipment, data center infrastructure, Siasun Robot&Automation technology, and many other areas.