According to GlobalData, Zambia is the world’s tenth-largest producer of copper in 2023, with output up by 4% on 2022. Over the five years to 2022, production from Zambia decreased by a CAGR of 2.68% and is expected to rise by a CAGR of 2% between 2023 and 2027. GlobalData uses proprietary data and analytics to provide a complete picture of this market in its Global Copper Mining to 2030 report. Buy the report here.
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Zambia accounts for 4% of global production, with the largest producers being Chile, Peru, the Democratic Republic of the Congo and China. Exports of copper from Zambia increased by 1% in 2023 over 2022, with the highest share being exported to China. Zambia’s copper exports are expected to grow at a CAGR of 0.51% between 2023 and 2027.
Leading producers of copper in Zambia are First Quantum Minerals, Barrick Gold and Glencore. During 2020-2021, First Quantum Minerals's output was down by 5%, Barrick Gold's output increased by 6%, while output from Glencore decreased by 12%.
For more detailed analysis of global copper mining, buy the report here.
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