Mining Sector Continues to Benefit from Global Copper Rises

Zambia's mining sector is building continued momentum as global prices for copper rise once again, brightening the outlook for export revenues and broader economic growth.

Data released this week from the Zambia Extractive Industries Transparency Initiative (ZEITI) Commodity Price Dashboard shows copper currently trading at US$13,304 per tonne, more than 7% higher than at the start of January. The sustained rally is delivering a significant lift to producers and underscoring the mining industry's pivotal position in the national economy.

The price surge is being accompanied by an improving production landscape and a renewed sense of confidence among investors. Mining companies are scaling up output, while ongoing expansion programmes and fresh capital commitments reflect strong optimism about long-term demand, which is driven in particular by the global shift towards renewable energy systems, electric vehicles and modern infrastructure.

This positive market environment complements the Zambian government's deliberate strategy to reinvigorate the mining sector through targeted policy reforms, greater transparency and a more investor-friendly operating climate. The New Dawn Government has delivered regulatory predictability and meaningful engagement with industry stakeholders, seeking to unlock the sector's full potential and ensure the country maximises the returns from its considerable mineral endowment.

With copper prices holding firm and production on an upward trajectory, Zambia is well positioned to capture stronger export revenues and improved fiscal performance in the period ahead. Should this momentum be sustained, the mining sector stands to play an even more decisive role in driving infrastructure development, employment creation and the wider economic transformation that the government is pursuing for the benefit of the Zambian people.