TRYNESS TEMBO, Lusaka
A MINING expert says there is need to regulate money supply in the short term in a bid to mitigate effects of the drop in copper prices on the international market.
In the recent past, copper, which is Zambia’s major source of foreign exchange, has dropped to below US$4,500 per tonne due to shutdowns and restrictions imposed to curb the spread of coronavirus deepened worries about a slowdown in global economic growth.
Centre for Trade Policy and Development senior researcher extractives Webby Banda said copper prices have plummeted in recent days due to a growing social panic over the CLICK TO READ MORE