South Africa’s mining production fell by 2.7% year-on-year in January 2025, following a 2.4% decline in December. This trend is characterized by notable decreases in iron ore, PGMs, and coal. Month-on-month, production decreased by 1.2% in January after a 3.7% drop in the prior month.
In January 2025, South Africa’s mining production experienced a decline of 2.7% compared to the previous year, following a reduction of 2.4% in December 2024. This marks the third consecutive month of falling output and represents the most significant decrease since June 2024. The primary contributors to this downturn included iron ore, which plummeted by 15.1%, alongside declines in platinum group metals (PGMs) by 3.8% and coal by 4.4%.
On a seasonally adjusted basis, mining production saw a monthly decrease of 1.2% in January, subsequent to a revised slump of 3.7% in the previous month. These figures highlight a concerning trend in the mining sector of South Africa, reflecting challenges in production amidst fluctuating market conditions.
In summary, South Africa’s mining output has contracted for the third consecutive month, with significant decreases in key minerals like iron ore, PGMs, and coal. These changes underscore ongoing challenges in the mining sector, warranting closer observation of future production trends and economic implications.
Original Source: www.tradingview.com
