Galp drops plans to build Aurora lithium refinery in Portugal
Galp was left alone in early 2024, when Northvolt said it would not invest in the 50-50 joint venture set up in November 2021.
Less than a week after Zambia, Africa’s largest copper producer, lifted the 10% export levy on unprocessed copper concentrates to allow mining companies release surplus stocks, the government announced Monday it has reinstated a modified version of it.
The move comes after President Michael Sata said the law suspending taxes on raw materials, announced last Wednesday, would not benefit the country.
Instead, Zambia has introduced a 10% export duty on semi-processed base metals, including copper, Secretary to the Treasury, Fredson Yamba, told Reuters.
Mining companies operating in the African nation continue to be battered by low global copper prices, which have been weighed by signs of reduced Chinese demand and higher global production.
The country’s copper production is expected to rise to 1.5 million metric tons, from around 800,000 tons produced in 2012, as more projects come on stream.
Comments
Concerned Citizen
Zambia, Africa’s largest copper producer. That’s how Zambia is considered to be, but you can not tell where the earnings from this copper go. If Zambia is largest copper producer in Africa, then the economy of that country should be one of the best in Africa, but it considered to be very poor nation. This country is rich it’s the mind of the people in control that is poor because of their selfishness they want to take everything that belongs to the development of the country into their personal gain. shame on you.