South Africa’s mining output fell by 2.7% year-over-year in January 2025, marking three consecutive months of decline and the steepest drop since June 2024. The primary contributors to this decline were significant reductions in iron ore, PGMs, and coal. Seasonally adjusted data also indicated a monthly decrease of 1.2% after the previous month’s adjusted figures.
In January 2025, South Africa’s mining production experienced a notable decline of 2.7% compared to the previous year, continuing a downturn witnessed over the last three months. This decline is significant as it represents the most considerable decrease observed since June 2024. Major contributors to this negative trend included iron ore, which fell by 15.1%, followed by platinum group metals (PGMs) at 3.8%, and coal at 4.4%. On a seasonally adjusted basis, mining production decreased by 1.2% in January, following a revised slump of 3.7% from the previous month.
The continued decline in South Africa’s mining output highlights a concerning trend for the sector, particularly with substantial decreases noted in iron ore, PGMs, and coal. These factors not only indicate weakness in the current mining environment but also suggest challenges ahead for the industry in sustaining production levels.
Original Source: www.tradingview.com
