Zambia Copper Yields Slide in First Quarter but Exports Earnings Jump

SHANGHAI, May 18 (SMM) - Zambia’s copper production was hurt by the rainstorm and flood in the first quarter of 2017, which disrupted the country’s open pit mining operation, according to wenhua.com.

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 Bank of Zambia (BOZ) governor Denny Kalyalya said the country’s copper output slid 14% year-on-year to 166,647 tonnes in the first quarter of the year. But earnings from copper exports jumped 42% to $1.78, boosted by rebound in global copper prices.

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