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 . . .