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Copper production in Zambia in 2015 to dip by 15% YoY-The 17th China(Guangzhou )Int’l Casting product Exhibition
10/20/2015 Casting product expo |
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Reuters reported that Zambia is expected to produce 600,000 tonnes of copper this year, down 15 percent from 708,000 tonnes in 2014 due to low copper demand and prices, coupled with electricity constraints. Zambia’s permanent secretary for economic and budget affairs Pamela Kabamba told reporters that copper output in Africa''s second largest producer should recover to 700,000 tonnes in 2016
The Zambia Chamber of Mines said the current state of the mining sector Zambia was grave and called for urgent attention to sustain existing operations and avert a continuation of the current spate of suspensions and loss of jobs. It said "The Chamber views the focus on mining in the recently announced 2016 national budget as generally inadequate and at odds with the need to apply urgent and decisive restorative measures to the industry. The mining industry is faced with a global downturn that draws ominous parallels with the trend last seen in 2008, when prices of commodities on the international markets experienced a severe downturn."
Zambia''s kwacha currency went into freefall in September as prices for its copper exports hit a one-month low.
鑄件展--2016第十七屆廣州國際鑄件產(chǎn)品及工藝技術(shù)研討展-廣州巨浪展覽策劃有限公司
casting-The
17th China(Guangzhou )Int’l Casting product Exhibition
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