
Zambia’s copper production surged by 12% in 2024, driven by a recovery in key mines. The country’s mining sector is seen as pivotal in propelling the nation’s economic growth.
Copper output reached 820,670 metric tons, a significant increase from 732,580 tons in 2023, according to Mines Minister Paul Kabuswe.
Key mines such as Barrick Gold’s Lumwana and Vedanta Resources’ Konkola Copper Mines (KCM) contributed to the rise in production. KCM resumed operations after overcoming challenges, while Lumwana ramped up its output.
Mopani Copper Mines, recently acquired by UAE’s International Resources Holding, also boosted its production, adding to Zambia’s overall copper output.
Despite facing electricity shortages, which were caused by a severe drought affecting hydroelectric power generation, Zambia’s copper industry showed resilience. Kabuswe noted that the sector managed to grow despite these obstacles.
As Africa’s second-largest copper producer, Zambia is aiming to increase annual copper output to 3 million tons within the next decade. The government views this goal as essential for sustained economic growth.
Vedanta, an Indian-backed company, plans a $1.3 billion investment to revive KCM’s production, which had nearly collapsed amid a battle with the Zambian government.
Barrick and First Quantum Minerals, both Canadian mining giants, are also expanding their operations. Additionally, U.S.-backed KoBold Metals announced plans for a $2 billion copper mine in Zambia.