Zambia to Benefit from Rising Copper Prices in 2025
Senior Economist Andrew Nsunge believes Zambia stands to benefit significantly from the anticipated rise in copper prices in 2025.
Mr. Nsunge emphasized the need for Zambian businesses to increase their supply to the mining sector, enabling more indigenous Zambians to capitalize on the growth. He also suggested that Zambians could benefit further by becoming more involved in copper transportation.
In a phone interview with ZNBC News, Mr. Nsunge stressed the importance of implementing and enforcing policies that support the participation of local businesses in the mining industry.
He attributed the projected rise in copper prices to supply constraints and growing demand for copper in the production of electric vehicles and batteries, which are central to the green revolution.
Mr. Nsunge forecasts that copper prices could increase to $11,000 per ton, up from the current $9,000 per ton.
SOURCE:znbc.co.zm
