ZAMBIA’S annual copper production will grow more than 40% to 1 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.