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A 130% rise in global cobalt prices created short-term economic opportunities for Zambia, economist Kelvin Chisanga said. Prices above US$56,200 per tonne were driven by supply constraints from policy actions in major producers. While long-term gains may be limited by evolving battery technologies, higher prices could boost mine profitability, exports, foreign exchange inflows, fiscal revenues, and support the kwacha. Higher demand may also strengthen the case for value addition and diversification.
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