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4 Pages

Zambia’s copper concentrate import duty: where’s the logic?


Zambia’s copper concentrate import duty: where’s the logic?

Report summary

Details of the Zambian Government's 2017 budget have recently emerged with the Minister of Finance stating that "turning the economy around requires that we make hard choices and implement difficult reforms". Amongst the proposals is the introduction of a 7.5% import duty on copper concentrates. In this insight, we question the logic for its imposition as we believe that its actual impact is far more severe than this headline rate suggests and will heavily penalise an already fragile smelting sector. Aside from the direct financial consequences of the tax, this insight also considers other less obvious ramifications for the Zambian copper industry. We explain why we believe that this import duty is poorly conceived and that smelters outside Zambia could be the real beneficiaries of its introduction.

What's included?

This report includes 1 file(s)

  • Zambia’s copper concentrate import duty: where’s the logic? PDF - 357.98 KB 4 Pages, 0 Tables, 2 Figures

Description

This Metals Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved.

For industry participants and advisors who want to look at the trends, risks and issues surrounding this topic, this report gives you an expert point of view to help inform your decision making.

Our analysts are based in the markets they analyse and work with high-quality proprietary data to provide consistent and reliable insight.

We provide unique in-depth analysis of the metals supply industry so you can make confident strategic decisions.

  • Introduction
  • Why the duty and what it means financially to smelters?
  • Plenty of smelting capacity, but difficult to utilise
  • ERG’s Chambishi copper smelter faces uncertain future
  • Sicomines concentrates provide blending material for KCM
  • Copper prices will determine Zambian mine developments
  • The duty will benefit overseas custom smelters

In this report there are 2 tables or charts, including:

  • Introduction
  • Why the duty and what it means financially to smelters?
    • Value distribution of imported copper concentrates
  • Plenty of smelting capacity, but difficult to utilise
    • Zambian copper concentrate imports and exports (2010 - 2015)
  • ERG’s Chambishi copper smelter faces uncertain future
  • Sicomines concentrates provide blending material for KCM
  • Copper prices will determine Zambian mine developments
  • The duty will benefit overseas custom smelters
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