Thursday 22 March 2018


NISSAN TO UNVEIL NEW NISSAN X-TRAIL ON THE ZAMBIAN MARKET.
 NISSAN GROUP is today March 22, 2018 set to unveil a new Nissan X-Trail brand on the Zambian market.

The company says the new Nissan X-Trail is a perfect example of Nissan’s approach to developing crossover vehicles with exceptional qualities.

The company says the new brand will give customers space to broaden their horizons with the peace of mind that comes with new innovative features to keep them and their family safe.

The new Nissan X-Trail is a luxurious, state-of-the-art crossover with top-quality engineering and latest technology.


Meanwhile NISSAN GROUP AFRICA says the automotive industry has potential for growth as demand for vehicles is set to rise in coming years on the African continent.

Nissan Group of Africa says it is for this reason it is expanding its operations on the continent and continues its ongoing investments with the opening of its third showroom in Zambia.

“With a great deal of help from Tim Jaques, the Managing Director of our partner, MOTUS Africa, Nissan is reinforcing its strategy of leading the way into high-potential growth markets with the opening of a new showroom in Zambia,” said Liz Segal, Nissan Group of Africa General Manager of Sub-Saharan Africa Sales.

“Among the 54 countries in Africa, 18 have a higher GDP per capita than India, at $1,500 and eight more African countries have a GDP per capita of more than $1,000. Among the top 20 countries that are forecast to have the highest GDP growth rate in the world this year, 10 are in Africa,” said Segal.

African markets are among the 160 countries worldwide where Nissan offers products and services. The company also has manufacturing facilities in 20 countries, including two in Sub-Saharan Africa – South Africa and Nigeria.

“The most important thing to understand about Africa is that it’s not one country. Every country on this continent is unique and operates in a distinct fashion, and one needs to adapt to each country’s specific way of doing business. That’s why Nissan takes pride in this expansion in Zambia because it’s the result of our deep understanding of each of the markets we operate in,” said Segal.

 “We are in partnership with Nissan in Zambia, Malawi, Tanzania and Kenya because we believe in the growth potential of the African automotive sector. We would like to see all Africans having access to respected vehicle brands such as Nissan and we’re constantly working on creating new avenues of access,” said Jaques.


ZAMBIA REVISES 2018 COPPER FORECAST BY 17.2% TO 1MILLION METRIC TONS
Africa’s second largest copper producer Zambia has revised its 2018 copper target to 1million metric tons representing a 17.2% increase from 2017 levels.
The Ministry of mines has based its revised projections on current and forecasted improved power generation capacity and motivation fueled by a higher copper price on the London Metal Exchange.
Zambia produced 14.3% more copper in 2017 to 853,789 metric tons exceeding the expected 850,000 metric tons.
Zambia rally’s behind DRC which is Africa’s number one having produced 6.06% higher output to 1.09million metric tons in 2017.
DRC expected to produce higher volumes after discovery of a massive deposits in the Kakula Kamoa area operated by Ivanhoe mines owned by Friedman.
Ministry of Mines permanent secretary Paul Chanda is optimistic that the rising demand of electric cars whose major ingredient is copper coming on the market, demand for the metal is expected to remain high.
He further said this was a major big incentive for mining companies to increase the production of the commodity.
Chanda said projects such as a new shaft by Mopani Copper Mines (MCM) owned by Glencore and an expansion project by China Non-Ferrous Africa Mining (NFCA) would start production this year and further boost copper output in 2018 and beyond.

Global demand is expected to rise global copper production will spike over the next decade as rising prices and increasing demand from the electric vehicles sector encourage project development, a new reports shows.
Output for the red metal worldwide will grow an average annual rate of 3.6% over 2018 – 2027 thanks to a number of major projects come online, particularly in Peru and Australia.
As a result, it is anticipated that global copper output will climb from 20.4 million tonnes this year to 28 million tonnes by 2027.

Exavators working at Kasanshi mine.
Other mining companies operating in Zambia include Canada’s First Quantum Minerals, Barrick Gold Corp and London-listed Vedanta Resources.
Copper is trading for USD6, 755 metric ton on the London Metal Exchange a 1.44% decline ahead of the US Fed meeting.