South Africa’s Mining Output Declines for Third Consecutive Month

South Africa’s mining output fell 2.7% year-over-year in January 2025, continuing a three-month downward trend and marking the largest decline since June 2024. Notable decreases were seen in iron ore, PGMs, and coal, with a seasonally adjusted monthly drop of 1.2%.

In January 2025, South Africa’s mining production experienced a decline of 2.7% compared to the previous year, reflecting an ongoing downward trend that has persisted for three consecutive months. This decline represents the most significant decrease noted since June 2024. Major contributors to this drop included reductions in the output of iron ore, which fell by 15.1%, followed by platinum group metals (PGMs) at 3.8%, and coal at 4.4%.
Additionally, on a seasonally adjusted monthly basis, mining production decreased by 1.2% in January, succeeding a revised decline of 3.7% in the preceding month.

The mining sector in South Africa continues to face challenges, with January 2025 marking the third consecutive month of declining output. The significant drops in production across key sectors such as iron ore, PGMs, and coal highlight ongoing economic pressures. These trends necessitate close monitoring for implications on the broader economy.

Original Source: www.tradingview.com