Zambia Stands to Benefit From Rising Copper Prices Due to Heightened Chinese Demand

While Zambia tries to figure out how if/how it plans to restructure its $12 billion debt portfolio, government coffers stand to benefit from resurgent copper prices, a major source of export earnings.

The price of copper recently touched a two-year high on the London Metals Exchange at $7,000 per metric ton. The economic recovery in China, according to investors, is helping to boost the price of the red metal. 

It’s still not clear what impact higher copper prices will have on the government’s overall finances, especially in the short term.

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The post Zambia Stands to Benefit From Rising Copper Prices Due to Heightened Chinese Demand appeared first on The China Africa Project.



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