Zambia is on track for record copper production this year, positioning itself as a key global supplier amid a surge in prices and tightening supply. With output rising while competitors like Chile and the DRC face disruptions, Zambia could enjoy a major windfall from copper’s 20% price jump to near-record highs. Backed by $10 billion in new investments from firms like Barrick, First Quantum, and Sinomine, President Hakainde Hichilema aims to triple production to 3 million tons annually by the next decade. As the world accelerates its shift to clean energy, copper’s crucial role in batteries, grids, and construction gives Zambia a rare chance to capitalize on soaring demand and cement its mining resurgence. For a nation fresh from a difficult debt restructuring, this copper windfall offers a transformative economic opportunity.
Bloomberg
