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Zambian Budget Gets Copper Boost With El Niño Threatening Crops

Bloomberg Markets Friday 06 November 2026, 06:15 UTC By Matthew Hill and Taonga Mitimingi 1 min read
Key Points

Zambian Budget Gets Copper Boost With El Niño Threatening Crops Zambian Finance Minister Situmbeko Musokotwane unveils his 2027 budget plan on Friday with near-record copper prices providing a strong tailwind for Africa’s second-biggest producer of the metal. Yet the nation also faces a menacing El Niño weather event that in the past has brought severe drought — draining hydropower reservoirs and wilting crops. That threat, together with the fallout from the Iran war, already triggered a...

Zambian Budget Gets Copper Boost With El Niño Threatening Crops Zambian Finance Minister Situmbeko Musokotwane unveils his 2027 budget plan on Friday with near-record copper prices providing a strong tailwind for Africa’s second-biggest producer of the metal. Yet the nation also faces a menacing El Niño weather event that in the past has brought severe drought — draining hydropower reservoirs and wilting crops. That threat, together with the fallout from the Iran war, already triggered a growth-forecast downgrade in recent weeks.
Zambian Budget Gets Copper Boost (ORG) Zambian (ORG) Situmbeko Musokotwane (PERSON) Africa (LOCATION) El Niño (PERSON) the Iran war (EVENT)
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