A Financial Analyst has called on the government to reduce the country’s reliance on copper exports but uses the mineral in the local manufacturing industry.

Speaking in an interview with Money FM News, Muyumba Mutwale said the Country is not generating enough profit from Copper exports due to COVID-19 which has reduced investments and job creation.

“The manufacturing industry is one of the few sectors that are fully functional in the current situation which government should utilize,” He said.

He added that local production of copper items like electric motor car engines, copper wiring and many others will enhance the commodity’s demand both on the local and international market.
Copper is selling at 5,118.38 dollars on the global market.