Turkish lira volatility causes fluctuating profit margins for miners

By William Clarke
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 dollar.
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...

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