Major Mining Firms Are Investing Billions in Zambia’s Copper Industry
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Zambia's mining sector accounted for 17.5% of the country's GDP and over 70% of foreign exchange earnings in 2021. Copper, the country's main export, plays a pivotal role in this regard. Major mining firms like Barrick Gold and First Quantum Minerals have announced significant investments in the country. Zambia's President Hakainde Hichilema has attracted attention from international investors with his pro-business and reform-oriented stance. The country aims to produce 3 million tonnes of copper annually by 2032. Zambia also has potential for surplus hydropower, which presents an investment opportunity for data centers. Hichilema's administration has been actively courting foreign investment and pushing back against Chinese influence. The country's mining boom and economic stability are contributing to its rising star status in Africa.

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https://www.usfunds.com/resource/major-mining-firms-are-investing-billions-in-zambias-copper-industry/