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South Africa Faces Third Consecutive Month of Mining Output Decline

South Africa’s mining output has declined for three consecutive months, with a 2.7% drop in January 2025. Iron ore, PGMs, and coal have contributed significantly to this decline. Seasonally adjusted production also fell by 1.2% in January, following a prior decline of 3.7%.

In January 2025, South Africa’s mining production experienced a 2.7% decline compared to the previous year, continuing a downward trend for the third consecutive month. This decline is significant, marking the steepest drop since June 2024, following a 2.4% decrease in December.

The primary contributors to this downturn included a notable drop in production of iron ore, which fell by 15.1%, followed by platinum group metals (PGMs) with a decrease of 3.8%, and coal, which saw a decline of 4.4%.

On a seasonally adjusted monthly basis, mining output contracted by 1.2% in January, building on a substantial revised slump of 3.7% from the previous month. This trend highlights the ongoing challenges facing the mining sector in South Africa.

South Africa’s mining sector is facing consistent declines, with a 2.7% drop in January 2025 marking the third month of negative growth. Major contributors to this decline include significant decreases in iron ore, PGMs, and coal production. The monthly adjustments indicate a continuing struggle for stability in the mining industry, as evidenced by the recent statistics.

Original Source: www.tradingview.com

Lila Khan

Lila Khan is an acclaimed journalist with over a decade of experience covering social issues and international relations. Born and raised in Toronto, Ontario, she has a Master's degree in Global Affairs from the University of Toronto. Lila has worked for prominent publications, and her investigative pieces have earned her multiple awards. Her insightful analysis and compelling storytelling make her a respected voice in contemporary journalism.

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