According to GlobalData, Zambia is the world’s eighth-largest producer of copper, with output of 796kt in 2022, down by 0.56% on 2021. Over the five years to 2021, production from Zambia increased by a CAGR of 0.04% and is expected to rise by a CAGR of 0.29% between 2022 and 2026. GlobalData uses proprietary data and analytics to provide a complete picture of this market in its Global Copper Mining to 2026 report. Buy the report here.
Zambia accounts for 4% of global production, with the other largest producers being Chile (25%), Peru (11%), China (9%) and the Democratic Republic of the Congo (9%). Exports of copper from Zambia remained flat at 24kt in 2022 over 2021, with the highest share being exported to China. Zambia’s copper exports are expected to drop at a CAGR of 0.1% between 2022 and 2026, to 24kt by 2026.
Leading producers of copper in Zambia are First Quantum Minerals, Barrick Gold and Glencore. First Quantum Minerals's output was 600.62kt in 2021, up by 7% on 2020. Barrick Gold produced 103.71kt, a decrease of 9%, and output from Glencore was 12.79kt, a decrease of 5% on the previous year.
For more detailed analysis of global copper mining, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Commodity Analyzer tracks production, consumption, imports and exports of 17 key commodities across 60 countries, whilst its Mines & Projects Database tracks over 30,000 mines and projects with 200+ data fields for each, including production, operating costs, equipment and key mine-site contacts.
