Copper Prices Climb as Demand for Energy Transition Minerals Remains Strong

Copper prices have continued to rise on international markets, providing a boost for Zambia’s mining sector amid growing demand for minerals used in clean energy technologies.

According to the Zambia Extractive Industries Transparency Initiative (ZEITI) Commodity Price Dashboard, copper is currently trading at about US$13,612 per tonne, up from US$13,482 per tonne recorded last week.

The increase is being driven by strong demand from renewable energy projects, electric vehicle manufacturers and industrial producers, all of which depend heavily on copper. Prices remain well above historical averages, supporting Zambia’s export earnings and helping to sustain investor confidence in the mining industry.

Cobalt prices have also remained relatively firm despite a slight decline in recent days. The mineral is currently trading at around US$55,860 per tonne, compared to US$56,290 per tonne last Friday.

The performance of both copper and cobalt reflects the growing global appetite for minerals that support the transition to cleaner energy sources.

With countries investing heavily in electric mobility and renewable power infrastructure, demand for these commodities is expected to remain strong. The favourable price environment continues to reinforce the mining sector’s contribution to economic growth and export revenue generation.