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Zambia’s copper windfall lifts mining hopes as IMF programme ends

Copper mine. Photo by Jandira Sonnendeck @ Unsplash
Copper mine. Photo by Jandira Sonnendeck @ Unsplash
  • Copper at record highs boosts Zambia’s post-IMF outlook
  • Output target of 3 million tonnes by 2031 gains momentum

 

LUSAKA, ZAMBIA – Record global copper prices are lifting confidence in Zambia’s mining sector as the country exits its IMF programme and pushes a debt-recovery strategy anchored on expanded production.

Copper is trading at about $13,000 a tonne, the highest level in the history of the metal, a development Zambia-focused researchers say could mark a turning point for the country’s mining-led recovery.

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