South Africa's mining sector will continue to face headwinds from policy uncertainty regarding the passing of the draft mining charter, hindering the potential of a recovery since 2016 from becoming solid. We forecast the domestic mining industry value to continue to decline over the coming years.
Despite the recent rally in prices, Anglo American will remain committed to selling its Kumba iron ore mine in South Africa. Production of iron ore in South Africa is set to stagnate at 75mnt from 2017-2021, as iron ore prices gradually decline over the coming years and regulatory and infrastructure challenges persist.
Iran's iron ore production growth will be positive in the coming years, despite a poor price outlook, due to vertically integrated state-owned companies that are looking to increase steel production in the coming years.
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Thanks, BMI Research