Copper makes a brilliant comeback: worldwide deficits mean the red-metal market is red-hot right now says Priscilla Ross. Many African producers have read the trends and are riding the boom.(Mining)

African Review of Business and Technology,  November, 2005  by Ross, Priscilla

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HIGH COPPER PRICES are giving African copper mining a new lease of life and there are a number of countries with projects. Zambia is amongst those experiencing the long-awaited renaissance. There are a clutch of emerging and re-emerging producers.

Copper prices have accelerated from an average of 79c/lb in 2003 to US$1.28/lb in 2004, and in 2005 the heady height of US$1.80/lb (at the time of writing) has put the bounce back in the global copper market. Many are surprised at the sustained upsurge in copper prices. World refined copper production is forecast at 17,210,000 tonnes in ...

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