Zambia's Copper Production Expected to Rise 12% in 2024 Despite Drought Challenges

Published: Jan 23, 2025 15:48

Save

According to SMM, Zambia's copper production in 2024 is expected to increase by 12%, driven by a recovery in output from major mines, as the government relies on the sector to boost economic growth. Zambia's Minister of Mines, Paul Kabuswe, stated that production would reach approximately 820,670 mt, up from 732,580 mt in the previous year. The Lumwana mine, owned by Barrick Gold, increased its production, while Konkola Copper Mines (KCM), owned by Vedanta Resources, resumed operations. The Mopani Copper Mines, recently acquired by UAE-based International Resources Holdings, also saw a rebound in production. Kabuswe noted that despite catastrophic droughts affecting hydropower generation and causing power shortages, production still increased.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

8 mins ago

China's Copper Enamelled Wire Exports at 13,716 mt in April 2026

According to data from the General Administration of Customs, China's copper enamelled wire exports totaled 13,716 mt in April 2026, up 3.77% YoY and up 19.24% MoM. From January to April 2026, China's cumulative copper enamelled wire exports reached 47,510.96 mt, up 4.98% YoY on a cumulative basis. (HS code 85441100)

8 mins ago

11 mins ago

Increased Copper Cathode Supply in the North Pressures Spot Premiums

[SMM North China Copper Cathode Spot Market] As copper prices continued to pull back, downstream restocking sentiment for copper cathode in North China received some boost. However, as the market entered the latter part of the month, increased supply from northern regions including North China, Shandong, and Northeast China put spot premiums in the market under pressure.

11 mins ago

20 mins ago

Spot Copper Cathode Trading in Shandong Remained Sluggish

According to SMM, although copper prices retreated after a rapid rise, they still stayed high. Downstream wait-and-see sentiment remained strong, spot copper cathode trading in Shandong remained sluggish, and demand-side performance was weak.

20 mins ago