The Khoemacau copper mine in Botswana produced 11,423 tonnes of copper in concentrate during the second quarter of 2026, marking a 7 percent increase from the previous quarter.
The output level broadly matches production recorded during the same period last year, indicating stable operational performance despite broader industry volatility.
The Botswana Gazette reported that the rise was driven by higher ore grades and the continued advancement of the mine’s expansion plans, which are designed to significantly boost long-term capacity.
The production uptick arrives as copper futures have surged more than 5 percent since the start of July, breaking through a critical resistance level that analysts view as a catalyst for further upside.
This price action suggests a strengthening bullish trend in the metal, supported by strong fundamentals and a growing pipeline of high-return projects, according to recent assessments by Goldman Sachs.
The investment bank has reaffirmed its positive outlook for the copper market, citing robust demand drivers and limited near-term supply disruptions.