South Africa’s Mining Output in May 2021 up 22% YoY
The Department of Statistics of South Africa announced that the domestic mining production increased by 21.9% YoY in May 2021. According to the report, the largest positive contributors were platinum group metals (27.0% increase, contributing 6.1 percentage points); gold (44.5% increase, contributing 4.8 percentage points); iron ore (48.4% increase, contributing 4.0 percentage points); and manganese ore (39.7% increase, contributing 3.2 percentage points).
South Africa’s seasonally adjusted mining production decreased by 3.5% in May 2021 compared with April 2021. This followed month-on-month changes of 0.2% in April 2021 and 4.5% in March 2021. Seasonally adjusted mining production increased by 5.6% in the three months ended May 2021 compared with the previous three months.