By: Sascha Solomons 4th November 2016 Africa's mining and quarrying activities continue to be characterised by export - oriented activities and, as a result, the mining sector of this mineral - rich continent is driven
primarily by the commodities appetite of the world's largest economies.
Not exact matches
Though Africa has experienced impressive growth for well over a decade now, domestic markets and intraregional economic relations have remained constrained, with national economies driven
primarily by mounting foreign demand for the continent's natural resources and
commodity exports.
The cost of
commodities such as copper, natural gas and wheat once was set
primarily by the laws of supply and demand.
Overall inflation has risen over the past two years, pushed up
primarily by higher prices for energy and other
commodities and industrial inputs.
While some tell us that inflationary pressures are temporary and
primarily due to bottlenecks in the energy sector, we have long argued that inflation in all
commodity prices is not a temporary supply issue, but driven
by the global imbalances.
Commodities bounced back in January with total inflows of $ 3.3 billion, led
primarily by flows to precious metals funds, and gold funds in particular.