South Africa misses out on gold boom despite market surge
Federaţia Rusă
While commodity exports remain important, gold is being replaced by platinum, coal, and iron ore, according to experts South Africa, once the world’s gold powerhouse, is now only the globe’s eighth largest producer of the yellow metal and the only real benefit the country is seeing from record prices is the psychological impact on shares in the gold mining sector and the rand. Overnight, Gold miners, Sibanye Stillwater, AngloGold Ashanti, Gold Fields and Harmony Gold Mining Company advanced 6.8%
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