By Africa Risk Control (ARC): Zambia’s mining industry is regaining momentum as global demand for copper and cobalt strengthens, positioning the southern African nation as one of the continent’s most strategic mining hubs. Copper output reached around 820,000 tonnes in 2024, up from 732,000 tonnes in 2023, driven mainly by expansions at First Quantum Minerals’ Kansanshi and Sentinel mines.
The rebound reflects renewed investor confidence and the government’s push to revive key assets such as Konkola Copper Mines and Mopani Copper Mines. Copper continues to dominate Zambia’s exports, accounting for over 70 percent of total foreign earnings. Cobalt, produced as a by-product, remains vital to electric vehicle and battery supply chains.
Despite strong potential, the sector faces challenges including inconsistent mining policies, aging infrastructure, and power supply bottlenecks. Delays in tax reform and the need for sustainable mining practices also test investor patience. However, rising metal prices and a more predictable regulatory environment could unlock billions in new investments.
Experts say Zambia’s large untapped deposits and proximity to regional trade corridors make it ideal for investors seeking long-term value. Opportunities exist in smelting, refining, and renewable-powered operations, with demand increasing for “green copper” produced under strict environmental standards.
According to Africa Risk Control (ARC), investors should prioritize due diligence before entering joint ventures or acquisitions in Zambia’s mining sector. ARC’s investigative team verifies ownership, compliance records, and ESG risks through an on-the-ground network of journalists and analysts across Africa.
While Zambia works toward becoming Africa’s top copper producer once again, robust due diligence and risk management remain critical for sustainable returns.
As Zambia’s mining sector attracts renewed global interest, investors are urged to go beyond surface data and conduct proper due diligence. Africa Risk Control (ARC) provides independent investigative and corporate intelligence services across Africa, verifying the people, partners, and projects behind major investments. READ THE FULL ANALYSIS ON OUR PARTNER’S (ARC website).
Whether you are exploring a mining acquisition, joint venture, or supply partnership, ARC delivers the facts you need to make informed, risk-aware decisions.
