Brazilian mining sector increases sales by 98% to US$29 billion in the first half of 2021-Ibram

Iron ore continues to be the main product on the export agenda of the mining sector. In the period, foreign sales of the commodity reached 167.1 million tons, a growth of 15%. This volume yielded revenue of US$21.5 billion, an increase of 126%.

RIO DE JANEIRO, BRAZIL - Mining companies in the country invoiced R$149 (US$29) billion in the first half of this year. The increase, of 98% in the period, was driven by the acceleration of the dollar and the evolution of iron ore prices, the main Brazilian mineral product.

With this performance in the first half of the year, it is estimated that the revenue of the mining sector will reach R$300 billion by 2021. The data were released earlier by the Brazilian Mining Institute (Ibram).

The president of Ibram, Wilson Brumer, pointed out that iron ore is the . . .

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