Latest news with #coppermines
Bloomberg
07-07-2025
- Business
- Bloomberg
Chile's Biggest Copper Windfall in Years Signals Higher Output
Chilean copper mines had their best month of export revenue in more than three years in June, with the increase in value outstripping price gains in a sign of rising production. The country that accounts for about a quarter of the world's mined copper shipped $4.7 billion worth of the metal last month, the biggest haul since December of 2021, according to data released by the Chilean central bank on Monday. That's 17% more than the same month last year, signaling that at least part of the increase was the result of higher volume given prices rose 11% on average over the same period. Chile is yet to report June production.
News24
09-06-2025
- Automotive
- News24
Zambia urges carmakers to build parts locally, ship to SA
Zambia has held talks with carmakers to entice suppliers to build electric-vehicle components plants near its copper mines. 'We have been talking, even last week when I was in Germany, telling these companies to please consider the manufacture of some of your electric-vehicle components in Zambia,' Finance Minister Situmbeko Musokotwane said in Livingstone on Monday. 'Those components can then be shipped to your factories in South Africa, which now exports to the rest of the world. That is a powerful way of value addition.' Zambia is Africa's second-biggest producer of copper, a key component in EV engines. The government plans to continue pursuing prudent fiscal policies, even if it doesn't start a new International Monetary Fund programme when the current one ends in October, he said. The cabinet had yet to decide whether to seek another loan. Musokotwane criticised the abrupt cancellation of some aid programs to Zambia and Africa in general by the US, while acknowledging the assistance was always expected to decline. The minister was speaking at Bloomberg's annual Africa Business Media Innovators conference.
Bloomberg
09-06-2025
- Automotive
- Bloomberg
Zambia Seeks Carmakers to Make EV Components Near Copper Mines
Zambia has held talks with carmakers to entice suppliers to build electric-vehicle components plants near its copper mines. 'We have been talking, even last week when I was in Germany, telling these companies to please consider the manufacture of some of your electric-vehicle components in Zambia,' Finance Minister Situmbeko Musokotwane said in Livingstone on Monday. 'Those components can then be shipped to your factories in South Africa which now exports to the rest of the world. That is a powerful way of value addition.'
