Browsing: Zambia copper exports

Zambia’s traditional export earnings dip by 7.7% to hit K10.9 billion in September, 2023.

The latest data from the Zambia Statistics Agency (ZAMSTATS) has placed Switzerland as the dominant force in Zambia’s export market. Switzerland accounted for a staggering 45.9 per cent of Zambia’s export earnings for September 2023. 

ZAMSTATS’ October monthly bulletin reveals Switzerland’s dominant position as Zambia’s primary export destination. This is primarily driven by the export of copper anodes for electrolytic refining. Copper exports constitute a significant 73.4 per cent of total export earnings.…

Why a tax crusade in Zambia worries copper miners.

The fastest growing export markets for raw copper of Zambia between 2019 and 2020 were Singapore (US$325 million), Switzerland (US$119 million), and Namibia (US$105 million).

Lowering mining energy tariffs would further help to restore the competitiveness of Zambia’s copper exports, and Zambia’s Chamber of Mines has been arguing for this too.

The outcome of debt restructuring with international creditors and negotiations for a new IMF programme are likely to determine how quickly and confidently the government can move ahead with such reforms.…