The mining sector remains a cornerstone of Zambia’s economy. It contributes significantly to gross domestic product, tax revenues, and export earnings. This report analyses the sector’s performance in 2024 and in the period up to September 2025. It highlights recent developments and sets out prospects for the sector. The report also reviews key policy changes and considers their potential impact. The aim is to inform stakeholders, policy makers, investors, mining companies, and other sector participants about the current state and future direction of Zambia’s mining industry.
Zambia’s real gross domestic product is expected to grow by 5.8 % in 2025, with average growth of 6.5 % projected for 2026 and 2027.
Overview of the mining sector in Zambia
The Zambian mining sector remains heavily dominated by copper, which continues to be the backbone of the country’s economy, contributing significantly to GDP, government revenue, and export earnings. In 2024, copper production in Zambia grew by 12% to 820,676 tonnes.
This growth was driven by increased output from major mines such as Lumwana (owned by Barrick Gold), together with the resumption of operations at Konkola Copper Mines (KCM) and Mopani Copper Mines (Mopani).
Furthermore, the sector is also diversifying. There has been notable growth in production of cobalt, nickel, gold, and other minerals that are critical for the global energy transition. This diversification, together with increased local participation in mining rights and a stronger focus on sustainability, is helping to position Zambia’s mining industry for a more resilient and inclusive future.
