Precious Metals

Reuters Africa reported that mining output from South Africa has fallen to its lowest in 19 months, with those losses mostly driven by decreased platinum group metals production.

Reuters Africa reported that mining output from South Africa has fallen to its lowest in 19 months, with those losses mostly driven by decreased platinum group metals production.

As quoted in the publication:

Mining output in Africa’s most advanced economy dropped 7.7 percent year-on-year in July, from a revised 5.4 percent decline in June, Statistics South Africa said, with output largely hit by platinum group metals, which fell more than 45 percent.

Economists polled by Reuters had expected mining output to contract 6.35 percent.

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