Konkola Copper Mines (KCM) resumed operations at the Chingola ‘B’ Mine after an 18-year shutdown. The facility is part of the Nchanga complex. Monthly production is projected to exceed 200,000 tons of ore.
Vedanta Resources holds a majority stake in KCM. The restart supports Zambia’s national strategy to triple copper output to 3 million tons by 2031.
COMEX copper futures currently trade near $6.30 per pound. Demand for high-grade copper is rising due to AI data centers and electrification. These factors offset macroeconomic headwinds and reduced geopolitical risk premiums.