Zambia’s state miner to establish a metals trading firm soon

ZAMBIA’S state mining company is developing plans to trade commodities on international markets, seeking to capture greater value from the country’s growing appeal as a critical minerals destination.

ZCCM Investments Holdings Plc wants to access production from its portfolio companies equivalent to its ownership stake to sell internationally, said Chief Executive Officer Kakenenwa Muyangwa.

African nations including Zambia and neighboring Democratic Republic of Congo are looking for new ways to boost domestic gains from their mineral riches. As global interest over critical minerals grows, it’s providing host governments with greater leverage, including allowing them to sell their share of production on international markets.