One of the best performing sectors in 2024 began to show signs of stagnation.
He Mining Industrial Production Index (IPI) recorded its second consecutive monthly drop in November. In this way, one of the sectors with the best performance in 2024 begins to show symptoms of stagnation.
According to data released by INDEC this Thursday, the seasonally adjusted series of the indicator showed a contraction of 0.9% compared to October. In addition, In interannual terms, there was an increase of 3.7%the lowest in three months.
Main improvements and deficiencies, item by item
Within the hydrocarbons division, the extraction of oil presented an annual increase of 12.1%, similar to what it had been experiencing in previous months. The negative grade was given by the extraction of gaswhich rose just 0.7%, its smallest variation in 10 months.
Regarding metalliferous minerals, the gold and silver They showed an increase of 11%, the highest since June. While, among non-metalliferous minerals, deep interannual collapses were again observed in those associated with the construction sector, such as sand or clay.
Regarding the “star mineral”, the lithiumthere was an advance of 41%, identical to that of October. INDEC reported a production of 6,759 tons, the second highest since records began, in June 2023.
Source: Ambito
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