Morning Bites (part 2)

🇿🇦South Africa’s PGM mining output remained flat YoY in February, after the 15% YoY drop in January. Meanwhile, the country’s gold production increased 2% YoY, decelerating from the 5% YoY growth in January. In the last year, overall mining activity was subdued amid the adverse effects of the local electricity crisis. However, the moderate recovery in February, combined with the ongoing weak demand from the automotive sector, might weigh on PGM prices. To recap, South Africa accounts for ~70% of global platinum, 38% of palladium supply and 3% of global gold output

#PGMs #gold  
https://metals-wire.com:3000/news-reports