Africa is becoming an increasingly important centre of the global copper industry, as strong demand and expanding production in the Democratic Republic of the Congo and Zambia draw investor interest. Copper reached $14,300 per tonne on October 30, after approaching $14,900 in September, according to the information provided.
The continent holds about 10% of estimated global copper reserves. It accounted for 37% of reserves discovered worldwide over the past decade, a period in which new discoveries have declined globally, S&P Global figures cited in the report show.
The Democratic Republic of the Congo produced 3.4 million tonnes of copper in 2025, around 10% more than a year earlier. Figures from early 2026 point to a further increase. The country ranked behind Chile among the world’s leading producers, ahead of Peru, China and the United States. Neighbouring Zambia produced 890,346 tonnes in 2025, up 8% from 2024.
The International Energy Agency has also revised its outlook for the copper market. Its 2025 critical minerals report projected a 30% supply shortfall in 2035; the agency now estimates a 25% deficit, citing projects advancing particularly in the Democratic Republic of the Congo and Zambia.
The changing outlook points to a larger role for African producers. Foreign companies are increasing their activity in the Copperbelt, the mining region shared by the two countries, amid efforts to develop its potential and reduce reliance on China.
Sources: Le Monde Économie.