Turkey: Mining sector exports jump in Jan-April 2021

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Mining sector recovering in 2021 but freight prices may cause slowdown in Q2, says sector official

Turkish mining sector exports reached $1.77 billion in the first four months of 2021, jumping 40.2% year-on-year, a sector group said on Tuesday.

Exports of natural stones rose 26% to $620 million and metallic mining groups surged 63% to $630.35 million over the same period, according to a press release from the Turkish Exporters Assembly’s Mining Sector Council.

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Rustem Cetinkaya, the council’s head, said the sector has recovered from 2020 and may even top 2019 figures this year.

But he stressed that freight prices pose a problem for Turkish exporters and could even cause a slowdown in the second quarter.

Source: www.aa.com.tr