South Africa’s mining production fell 2.7% year-on-year in January 2025, marking a third consecutive month of decline and the steepest drop since June 2024. Negative impacts were largely attributed to iron ore, PGMs, and coal, with a seasonally adjusted monthly decrease of 1.2%.
In January 2025, South Africa’s mining production decreased by 2.7% compared to the same month last year, continuing a trend of decline for the third consecutive month. This reduction is notable, representing the most significant drop since June 2024. Major contributors to this downturn include iron ore, which fell by 15.1%, platinum group metals (PGMs) decreasing by 3.8%, and coal down by 4.4%.
Additionally, when adjusted for seasonality, mining production saw a decline of 1.2% in January, following an even sharper revision of 3.7% in the previous month. These figures highlight ongoing challenges within the South African mining sector, raising concerns for future productivity and economic stability.
In summary, South Africa’s mining output has now experienced a continuous decline for three months, with a notable 2.7% decrease reported in January 2025. The declines in key sectors such as iron ore, PGMs, and coal are particularly concerning, indicating significant challenges within the mining industry. The overall trend raises important questions regarding the future trajectory of production and the economic health of the region.
Original Source: www.tradingview.com
