Post #425

📺Endless Decline 📺 ⚡️ If you are reading this, you probably have access to such cutting-edge technology as electricity. You are lucky — because at this very moment South Africa is at risk of losing its own manganese production simply because of high electricity tariffs. The case in question is Transalloys, a company previously linked to Russia, which is saying it may close the last manganese smelter in SA. 🔪 South Africa is rapidly losing not only manganese but its entire mineral-related industry, exporting raw materials to China instead. Over just the past few years, a dozen major smelters have already gone dark across the country. How South Africa managed to build what many of its neighbors can only dream of — processing plants — and why they are now dying off, you can learn here. 🏭 In a nutshell, the visionary strategists of the 2000s spent years neither building new power generation capacity nor raising electricity prices, trying to attract foreign companies into the energy-hungry metals processing sector. ⏩ As a result, the plants were built, but tariffs were then raised — and the plants began to shut down. Now this is threatening SA’s last manganese smelter. The nation holds the world’s largest manganese reserves. ➡️ Follow to stay informed - @devilsbelow