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
