https://www.miningweekly.com

Zambia sees copper output growing to one-million tons by 2027

Copper sheets being transported along a rail track in Zambia

Photo by Bloomberg

23rd July 2024

By: Bloomberg

  

Font size: - +

Zambia’s annual copper production will grow more than 40% to one-million tons in 2027, according to the country’s Finance Ministry.

Africa’s second-largest copper producer is seeking to take advantage of what many predict will be a supply shortfall in the coming years, as the energy transition causes rising demand for the metal from electric vehicles to wind farms.

Zambia’s copper output hit a 14-year low of 698,566 tons in 2023 as its mining sector faced frequent tax changes and constant clashes with the previous government. According to the medium-term budget plan published on Sunday by the Ministry of Finance and National Planning, production is projected to increase each year from 2025 to 2027. That gain is predicated on the resolution of challenges at some of the country’s major mines, green-field projects and the expansion of existing facilities.

The southern African nation, which generates about 70% of its export earnings from copper, plans to increase the percentage of its landmass that’s mapped for mineral resources through integrated geophysical, geological and satellite imagery surveys. Zambia plans to more than quadruple copper output to three-million tons by 2031.

Edited by Bloomberg

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

SABAT
SABAT

From batteries for boats and jet skis, to batteries for cars and quad bikes, SABAT Batteries has positioned itself as the lifestyle battery of...

VISIT SHOWROOM 
Rittal
Rittal

Rittal is a world leading provider of top-quality integrated systems for enclosures, power distribution, climate control, IT infrastructure and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.059 1.014s - 128pq - 2rq
Subscribe Now