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South African miners are losing about 815 million rand ($44 million) per day in export revenue because of the Transnet strike, according to the Minerals Council. Major mineral export harbours were running at 12% to 30% of normal daily volumes.
The strike is curtailing South African bulk and port throughput, a logistics constraint with limited direct effect on feed commodity prices.
reuters.comNelson BanyaOct 13, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
