Zambia seeks investors to triple copper output by 2031

Zambia is courting global investors, including those from the United States, as it aims to more than triple its copper output to 3 million metric tons by 2031. As the second-largest producer in Africa after the Democratic Republic of the Congo, the nation is a focal point for Western efforts to reduce the dominance of China in the supply of materials essential for advanced manufacturing. In 2025, production reached 890,346 tons, missing the target of 1 million tons. Copper is vital for the transition to a low-carbon economy, particularly for renewable energy and electric vehicles. Mines Minister Paul Kabuswe stated that investment talks involve various nations as part of a broader strategy to meet the 2031 goal. > It has to be a win-win situation for Zambia and for the investors. Negotiations are also currently underway for a health aid deal exceeding $1 billion. While some health advocates have expressed concern that this funding could be linked to mining access, Kabuswe clarified that the two issues are separate. > There is nothing linked to anything. The country is also rich in other critical minerals, including cobalt, nickel, manganese, graphite, lithium, and rare-earth elements. Mining operations in the region involve companies from Canada, India, and the United Arab Emirates. Key players include FIRST QUANTUM MINERALS LTD and First Quantum Minerals Ltd., as well as JCHX Mining, Barrick Gold, Vedanta Resources, International Resources Holding, and the U.S.-backed KoBold Metals. Kabuswe emphasized that while the government is seeking foreign capital, it remains focused on securing fair terms for the nation.