Commodity Prices in Zambia

Commodities are a vital aspect of Zambia’s economy, with the country being a major producer and exporter of copper, cobalt, and other minerals. The prices of these commodities, along with other goods such as food and fuel, have a significant impact on the country’s economic growth and development. In this article, we’ll take a look at the current commodity prices in Zambia and answer some frequently asked questions about the market.

Popular Commodity Prices in Zambia:

Here are some popular commodity prices in Zambian kwacha (ZMW):

Commodity Price Range (ZMW)
Copper 17,000 – 19,000
Cobalt 44,000 – 48,000
Maize 2,000 – 2,500
Fuel 17 – 20
Cement 125 – 140

Note: The prices mentioned above are approximate and may vary depending on the location and seller.

Popular FAQs about Commodity Prices in Zambia:

  1. Why is copper a popular commodity in Zambia?

Copper is a popular commodity in Zambia because the country is one of the largest producers and exporters of copper in the world. Copper is used in various industries, including construction, electronics, and transportation, making it an essential component of the global economy.

  1. What is the current price range for cobalt in Zambia?

The current price range for cobalt in Zambia is around 44,000 – 48,000 ZMW per metric ton. Cobalt is used in the production of rechargeable batteries, making it a crucial component in the growing electric vehicle industry.

  1. Why is the price of fuel in Zambia relatively low compared to other countries?

The price of fuel in Zambia is relatively low due to government subsidies. The government provides subsidies to keep fuel prices affordable for consumers, despite fluctuations in the global oil market.

  1. What is the current price range for cement in Zambia?

The current price range for cement in Zambia is around 125 – 140 ZMW per 50kg bag. Cement is a vital commodity in the construction industry, and the price can vary depending on factors such as demand and supply.

Conclusion:

Commodity prices play a crucial role in Zambia’s economy, with the country being a major producer and exporter of copper, cobalt, and other minerals. The prices of these commodities, along with other goods such as food and fuel, have a significant impact on the cost of living and economic growth in the country. By understanding the current commodity prices and factors that influence them, individuals and businesses can make informed decisions when buying and selling goods in Zambia.