Mineral sector in Brazil revenue 95% higher in 1st quarter; prices should remain firm – IBRAM

Looking ahead, IBRAM's head believes that commodities prices can remain "strong" as long as there is economic recovery in major consumers such as China, the United States and Europe.

RIO DE JANEIRO, BRAZIL - Brazil's mineral sector revenue totaled R$70 billion in the first quarter this year, an increase of 95% compared to the same period in 2020, with a boost from prices that should remain firm, and may settle only in 2022, according to the Brazilian Mining Institute (IBRAM).

The strong growth was due to the Chinese economy's rebound after the coronavirus crisis, as well as to high commodities prices and the depreciation of the real against the dollar, said the president of the Board of Directors of IBRAM, Wilson Brumer.

Mineral production in the first . . .

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