Copper

Copper demand has surged due to its critical role in artificial intelligence, green energy, and defense sectors, leading to increased prices and a global scramble for supplies. This heightened demand is the primary driver behind Zambia's economic resurgence and increased investment in its mining sector.

Global copper supply is expected to tighten this year due to extended smelter maintenance in Zambia and underinvestment constraining mine output growth. This will likely lead to higher prices.

Stronger Copper prices and increased output significantly boosted Rio Tinto's copper division earnings, offsetting the weakness in Iron ore. Copper is increasingly a focus for miners due to demand from AI data centers and clean energy.

Copper is a key material for electric vehicles and renewable energy, making Zambia's increased output crucial for the global transition to a low-carbon economy.

Copper prices are noted to be climbing due to demand and supply issues, which increases the importance and potential profitability of Questcorp Mining's North Island Copper project.