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TRUCKS with copper at the Zambia-Botswana Kazungula Border Post. PICTURE: EDDIE MWANALEZA

Copper exports hit K9.5 billion

TRYNESS TEMBO, Lusaka
ZAMBIA’S refined copper export earnings increased by 3.5 percent to K9.5 billion in October, up from K9.1 billion recorded in September, despite a decline in the price of the metal on the international market.
During the period under review, copper prices on the London Metal Exchange (LME) for the corresponding months decreased by 1.5 percent to US$7,621.21 per tonne in October 2022 from US$7,734.70 per tonne in September 2022.
Zambia Statistics Agency (ZamStats) interim statistician general Mulenga Musepa said export volumes in October increased by 9.1 percent to 78,200 tonnes from 71,700 tonnes in September.
“Traditional exports (TE’s) earnings increased by 0.8 percent to K9.8 billion in October 2022 from K9.7 billion in September 2022. In terms of share in total exports, TEs accounted for 64.5 percent of export earnings in CLICK TO READ MORE