ZAMBIA 2011 COPPER EXPORTS SLOW DOWN

Zambia’s copper exports slowed down in the first 11 months of last year, the Bank of Zambia has disclosed.

According to the central bank’s latest fortnight report, 790,000 metric tonnes of copper were exported between January and November 2011, down from 820,000 metric tonnes for the previous year.
The respective period has coincided with the new Patriotic Front government’s then temporal ban on copper exports in order to facilitate metal exports reforms, all to be channeled through the Bank of Zambia.

Meanwhile, the central bank has further noted the weekly average copper price on the London Stock Exchange having decreased by 2.82 percent to 346 dollars per pound from 356 dollars during the very later part of the year.