GOVERNMENT ADVISED TO BUILD PRODUCTION CAPACITY FOR COPPER TO BENEFIT FROM RISING GLOBAL PRICES

By Lukundo Nankamba

Economist Noel Kabwita has advised government to look into long term strengthening of investment capacity of copper production to largely benefit from various unpredictable emergences on the international market.
According to the London Metal Exchange, copper rose by 0.8 percent to 10,291 dollars per metric ton on Wednesday on the international market owing to concerns regarding supply disruptions between Russia and Ukraine.

But Mr Kabwita is of

the view that it is late to take advantage of the situation now, because those who increased their capacity earlier are enjoying the benefits adding that the best time to invest is when commodities are low and stock exchange is not attractive.

Mr Kabwita further tells Phoenix Business News that although many foreigners have invested in the country, it is already a missed opportunity for Zambians to benefit economically.

PHOENIX NEWS

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