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Significance
Zambia’s economy is heavily dependent on copper, and the government is seeking to boost production to 3 million tonnes by 2030 to leverage rising global demand for copper due to its use in green technologies.
Impacts
Lower-than-expected mining revenues could cause difficulties for Zambia’s repayments under a recently agreed debt restructuring deal.
Government promises of an economic transformation will fuel political disappointment if this fails to materialise.
Global renewable energy targets will be harder to achieve without sufficient copper supplies to build renewable energy technologies.
Keywords:
Zambia,
AF,
economy,
industry,
international relations,
politics,
debt,
foreign investment,
government,
metals,
mining,
reform,
Metals & mining
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2023
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