Africa’s Second Largest Copper Producer

Zambia produces more than 70% of the continent's total copper, according to Africa Trade Data from other African nations. 

The Democratic Republic of the Congo produces the most copper in Africa, followed by Zambia. Zambia is the seventh-largest copper exporter in the world. Zambia produces more than 70% of the continent's total copper, according to Africa Trade Data from other African nations. 

Copper was produced at a rate of 850,000 million tonnes per year in 2022, according to trade data reports from Zambia. It is the product that Zambia exports the most of. About 60% of the nation's total exports are copper.

According to figures from the Zambian customs, copper exports from Zambia are expected to reach 8.3 billion US dollars in 2022.  Compared to the fiscal year 2021, Zambia's copper exports increased by 3.4%. Zambian copper was worth 7.7 billion US dollars in 2021 compared to 5.6 billion in 2020 various significant copper Switzerland, Singapore, Namibia, China, and India were Zambia's top exporters. The fastest-growing markets for Zambia's copper exports are Singapore and Switzerland. Mopani Copper Mines Plc was the top copper mining and exporting company in Zambia, according to export figures from that country.

In contrast, data on Zambian imports indicates that copper imports were 120,000 USD in 2022. China and South Africa were two of the top exporters to Zambia. The Zambian government intends to increase its annual copper production to 3 million tonnes by 2030, according to industry experts. The mining sector in Zambia will aim for 4% annual growth in the future.

 


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