Private Sector Development Association of Zambia (PSDAZ) says the current copper prices on the international market will result into improved employment for Zambians in the mining industry.

Association Chairperson Yusuf Dodia explained to Money FM News that the mining industries will be more focused on investing in mining and processing more copper because the international prices are so good.

“That will mean improved employment for our people, maybe more work in the copper smelters and more contracts to the Zambian Contractors who are working for the mining industry,” he said.

Mr. Dodia says the pricing that has exceeded over what government wanted to introduce as wind fall tax at $7000 per ton is impressive.

“It’s a fantastic development that copper prices now have exceeded $7000 dollars per ton it is really impressive pricing. You can imagine these are windfall copper prices,” Mr Dodia said.

Copper on the London Metal Exchange as of 31st December 2020 was trading for $7,741 per ton.