Zambia Seeks Global Investment to Triple Copper Output

Zambia, Africa's second-largest Copper producer, is actively seeking global investors, including from the United States, to more than triple its Copper output to 3 million metric tons by 2031. Zambian Mines Minister Paul Kabuswe emphasized the importance of fair deals for both Zambia and investors. This initiative is part of a broader strategy to meet the 2031 target and diversify its mining sector, which also includes cobalt, nickel, manganese, graphite, lithium, and rare-earth elements. The United States is keen to partner with Zambia to secure critical materials, aiming to loosen China's grip on materials crucial for advanced manufacturing. Separately, negotiations are underway for a $1 billion health aid deal between Zambia and the United States, though Paul Kabuswe denies any linkage to mining access. Existing mining firms in Zambia include JCHX Mining Management, Barrick Mining, First Quantum Minerals, Vedanta Resources, International Resources Holding, and KoBold Metals.