The government of Zambia is seeking international investors to support plans to triple the country’s copper production to about 3 million tonnes annually by 2031, positioning the nation to benefit from rising global demand for critical minerals used in clean energy technologies, Reuters reported.
Zambia’s Mines Minister Paul Kabuswe said the government is engaging investors from around the world, including the United States, to expand mining operations and strengthen the country’s role in global copper supply chains. Zambia is currently Africa’s second-largest copper producer after the Democratic Republic of the Congo.
Copper demand is expected to rise significantly as the metal remains essential for electric vehicles, renewable energy systems, and modern power infrastructure, key sectors driving the global energy transition. The expansion strategy is therefore aimed at attracting capital, technology, and expertise needed to boost output and modernise the mining sector.
Business Insider Africa says any new investment partnerships must create balanced value for both Zambia and international investors, as the government works to strengthen the mining industry while ensuring long-term economic benefits for the country.
