Zambia’s copper production is set to experience a substantial increase, with the country’s Finance Ministry forecasting an annual output of one million tonnes by 2027. This represents a growth of over 40% from current levels, as the southern African nation seeks to capitalise on the anticipated global supply shortfall driven by the energy transition.
The push for higher copper output comes at a critical time, with demand for the metal expected to soar due to its essential role in electric vehicles and renewable energy infrastructure, including wind farms. Currently, Zambia stands as Africa’s second-largest copper producer.
In 2023, Zambia’s copper production slumped to a 14-year low of 698,566 tonnes. This decline was attributed to frequent tax changes and ongoing disputes between the mining sector and the previous government. However, the medium-term budget plan, unveiled by the Ministry of Finance and National Planning on Sunday, outlines a positive trajectory, with production slated to increase annually from 2025 to 2027.
The forecasted growth is contingent upon overcoming existing challenges at some of the country’s major mines, initiating green-field projects, and expanding current facilities. Zambia, which derives approximately 70% of its export earnings from copper, is also aiming to enhance its mineral resource mapping. This will be achieved through integrated geophysical, geological, and satellite imagery surveys.
Looking further ahead, Zambia has ambitious plans to quadruple its copper output, targeting a production level of three million tonnes by 2031. This strategic expansion underscores the nation’s commitment to reinforcing its position in the global copper market and supporting the broader energy transition.
