Africa’s second largest hot spot, Zambia, produced 6.38% more copper in Q1-Q3: 18 (YTD) in comparison to the same period in 2017. Zambia’s January to October output rose to 696,526 metric tons compared with 654,743 metric tons the previous year, The MinFin carried in a preliminary review note of the economy in 2018 released on 31 Dec.
Quarter on quarter (QoQ) growth marginally edged higher by 0.3% to 210,445 mt in Q3 compared to 2019,756 mt in Q2 from 199,915 mt in Q1:18.
This, the note attributed to the the fairly higher than average red metal prices at USD6,598/mt. The MinFin projected an above 800,000mt 2018 annual production.
