South Africa’s mining output decreased by 2.7% in January 2025, extending a three-month declining trend. Iron ore, PGMs, and coal were among the most significantly affected commodities. On a monthly basis, mining production fell by 1.2% after a revised 3.7% decrease in December.
In January 2025, South Africa’s mining production experienced a decline of 2.7% compared to the previous year, following a 2.4% drop in December 2024. This trend marks the third consecutive month of decreasing outputs and represents the most significant decline since June 2024. Key contributors to this downturn included iron ore, which fell by 15.1%, along with platinum group metals (PGMs) at 3.8% and coal at 4.4%.
On a seasonally adjusted basis, mining output also decreased by 1.2% in January after a revised slump of 3.7% in December. These figures indicate ongoing challenges in the mining sector, which are reflected in the consistent downward pattern observed over recent months.
In summary, South Africa’s mining sector is facing considerable challenges, with production declining for three consecutive months. The substantial decreases in key minerals such as iron ore, PGMs, and coal highlight the pressures currently affecting the industry, as the country recorded the steepest decline in over six months. Continued monitoring of these trends will be essential for understanding the future trajectory of South Africa’s mining outputs.
Original Source: www.tradingview.com
