Brazil Confident It Can Meet China’s Growing Appetite for Iron Ore

Brazilian mining giant Vale has been returning to its pre-pandemic level operations as exports have hit 33.4 million tons in July, up nearly 60% from May.

RIO DE JANEIRO, BRAZIL - Brazilian officials say there is no room for fear when it comes to the country’s capacity to keep up with Chinese demand for iron ore. Iron ore prices hit six-and-a-half year highs last week as the Chinese construction and manufacturing sectors experience levels of activity last seen almost a decade ago.

In the past three months China’s iron ore imports have climbed 20 percent year on year, while year-to-date they are up 11 percent compared to 2019.

“We are seeing a recovery scenario that is already quite favorable for . . .

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