Copper prices have rallied back to $13,600 […]

Copper prices have rallied back to $13,600 per tonne, raising questions about whether Zambia is capitalizing on the global market upswing. Last week, copper closed at $13,598.50 per tonne, up from $13,489.50 per tonne the prvious week, a 0.81% increase.

This price also marks a significant 9.46% rise from $12,423.00 per tonne recorded at the start of 2026. However, a key question remains: as copper prices continue to fluctuate, is Zambia truly capitalizing on these gains?

 Meanwhile, in an interview with the Zambian Business Times (ZBT), National Union of Miners and Allied Workers (NUMAW) President Saul Simujika welcomed the rise in copper prices, emphasizing the need for Zambia to maximize this opportunity.

 “This is a very positive development. We must take advantage of the high copper prices by increasing our productivity. If we are able to ramp up production, the country stands to benefit significantly,” Simujika stated.

He further highlighted the importance of ensuring that the gains from the copper market also benefit mine workers. “When profits increase, mining companies should consider how these benefits can trickle down to the employees who are driving production.

 We hope this upward trend continues, as it will strengthen our position during the upcoming negotiations on conditions of service set for October 2027,” he added. Simujika concluded by reiterating that the favorable market conditions present a strong case for improved benefits for workers and should be leveraged fully by all stakeholders.

Article by Tyndale Muchiya