Zambia’s Record Copper Production Meets a Red-Hot Market (1)

Zambia is poised for record copper production this year, bolstering its standing as a key global supplier just as prices surge and demand is set to grow.

A wave of accidents and disruptions at major mines has squeezed supply and helped drive copper prices up more than 20% this year, and Zambia stands out as one of the few places where output is rising. If it can deliver while rivals stumble, the cash-strapped nation could reap a major windfall.

Zambia plans to seize the moment and expand production. Firms including Barrick Mining Corp., First Quantum Minerals Ltd. and Sinomine Resource ...