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ShreeMetalPrices: South Africa’s mining output dropped by 1.9%; Declined for 12 straight months


Mining output in South Africa, which is one of the nation’s core sectors, fell by 1.9% year on year in Jan, according to official data.
According to Statistics South Africa, the most recent number shows. That the nation’s mining output has declined for 12 straight months.

The dept’s head survey statistician, Juan-Pierre Terblanche, stated on Tuesday that diamonds & platinum group metals (PGMs) were the 2 primary causes that primarily caused the output fall in Jan. According to the Xinhua news agency, production of platinum group metals (PGMs) plummeted by 15.2 percent & that of diamonds by 15.5percent.

According to Terblanche, the mining sector also generated less copper, nickel, & manganese ore than it did a year earlier.

The department’s statistics revealed that coal & iron ore were the 2 major factors that contributed positively to the mining production. Which increased by 12.1percent & 4.1percent, respectively.

Notwithstanding the decline in output, South Africa’s mineral sales at present prices rose 6.8 percent year over year in Jan. With chromium ore, gold, coal, or other metallic minerals making up the majority of the rise.