ZCCM Investments Holdings, formerly known as Zambia Consolidated Copper Mines Ltd., posted a half-year profit of ZMK1.48 billion ($86.67 million) versus ZMK354.7 million in the first half of 2020.
On copper price:
“This was due to profit recorded by investee companies in the copper mining industry which experienced increased copper prices during this period.
“The copper prices recorded an average price of $9,200 per ton compared to $5,490 per ton recorded during the same period in 2020.”
Forecast for copper:
“The group will benefit from the strong copper price outlook for the second half of this year due to falling inventories and rising premiums in the top consumer China.”
Write to Patrick Chu at patrick.chu@wsj.com