South African mining falls 12.7 percent in August 2026, broker notes

South African mining falls 12.7 percent in August 2026, broker notes
South Africa mining output falls sharply

Mining production in South Africa declined by 12.7% year over year in August 2026, marking the steepest drop since October 2022 and the fourth consecutive month of decreases, according to a broker comment relayed by Willem Middelkoop.

The downturn was led by significant reductions in the output of platinum group metals, iron ore, and coal, with platinum group metals falling 22.5%, iron ore down 16.2%, and coal down 11.7%.

Middelkoop has previously reported on China’s gradual shift from the U.S. dollar to gold in international trade, highlighting recent developments in reserve strategies here. He has also identified signs pointing to a potential gold revaluation in December 2026, referencing the activity in 20k gold call options here. These reports provide context for ongoing market commentary around commodities and precious metals.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.