Turkish lira volatility causes fluctuating profit margins for miners
Published: Wednesday, 01 May 2019
The volatility in the exchange rate for the Turkish lira has been swinging wildly against the US dollar, with local labor costs changing daily, with effects on the country’s miners of barite, soda ash, magnesia, chromite and feldspar.
Turkish miners are seeing their profit margins fluctuate
daily, with the Turkish lira swinging wildly against the
After a long period of stability since the
country’s financial crisis a year ago, volatility
has returned to the Turkish lira, with gains or losses of as
much as 5% by the...