Mining Digital May 2022 | Page 111

RUSSIA
ZAMBIA
TOP 10

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RUSSIA

Occupying the eighth spot in the copper producer league is Russia , with its copper production estimated to be 820,000 tonnes in 2021 . The volume of copper produced fluctuated over the observed period , at its height measuring 883,000 tonnes in 2012 . In light of Russia ’ s invasion of Ukraine and the subsequent sanctions from the rest of Europe , it will now be targeting new markets such as China .

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ZAMBIA

Zambian copper peaked at 720,000 tonnes in the 1970s , but it has been in progressive decline since . Fitch Solutions , however , forecast that this will grow an average 2.2 % during the period of 2012-2030 . Zambia ' s nationalistic resource rhetoric , coupled with an uncertain debt situation , will be a key deterrent for future copper mine investment in the country .
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