9.5 C
Alba Iulia
Thursday, July 9, 2020

Zambia’s copper production set to grow, but may be restricted by policy – BMI

Economy Zambia’s copper production set to grow, but may be restricted by policy...

Copper Cathodes for exports from Kansanshi mine
Copper Cathodes for exports from Kansanshi mine

Although the growth prospects for Zambia’s mining sector remains positive for this year, amid rising copper prices and improved electricity supply, a worsening regulatory environment may negatively impact on the country’s copper production in the coming years, warns BMI Research.

“We expect Zambian copper production growth to accelerate in the coming months as copper prices and domestic power supplies improve.

On March 20, the Zambian Ministry of Mines announced its targeted copper production levels of more than a million tonnes, up from 755 000 t in 2017,” BMI reports.

BMI expects Zambian copper production growth to average 8% this year, which will amount to production of 815 000 t – up 2% on that produced in 2017.

The primary driver behind rising copper production in Zambia this year will be the positive copper price environment.

Within a generally strong performing industrial metals complex, copper prices have risen more than 21% in the past 12 months –copper being the best performing base metal after nickel.

[Read 186 times, 1 reads today]

4 COMMENTS

  1. Growth in copper production WITHOUT growth in value-addition within Zambia is NOT worth celebrating about as it rarely brings about new jobs on its own. As simple as that.

  2. “…. a worsening regulatory environment may negatively impact on the country’s copper production in the coming years, warns BMI Research” says a CARTEL OF THIEVES!! WHAT HAS WORSENED ABOUT THE REGULATORY ENVIRONMENT EXCEPT THAT WE WANT MORE MONITORING OF PRODUCTION AND TRADING FIGURES!!!

Comments are closed.

- Advertisement -
Loading...
- Advertisement -

Latest News

Over 4,200 tour Vic Falls over the Heroes and Unity holidays

About 4,268 visitors accessed the Victoria Falls during Heroes and Unity holidays, the highest number ever recorded. Livingstone Tourism Association...

Access Bank seeks to buy off Cavmont Capital

Access Bank Zambia Limited has announced that it has entered into exclusive discussions with Cavmont Capital Holdings Zambia Plc regarding a potential transaction between...

Zambian fintech startup receives $1-million investment

Lupiya, a Zambian based microfinance startup has received an investment of $1-million from Enygma Ventures, a US venture capital (VC) fund. Founded in 2015, Lupiya...

Health Minister’s Corruption Case fails to take of as PF cadres Jam the Court Room

Minister of Health Chitalu Chilufya has appeared before the Lusaka Magistrate Court but could not take a plea. This was after Chief Resident...

People Declaring “No Go Areas” Should be Arrested for Breaching Article 22 of the Constitution-CiSCA

CiSCA Statement on the Possible Breach of Article 22 of the Constitution The Civil Society Constitution Agenda (CiSCA) is greatly concerned with the non-arrest or...

More Articles In This Category

- Advertisement -
[Read 26 times, 1 reads today]