Brazil Loses its Share in Global Iron Ore Market

Brazil will lose one percentage point of its share in the iron ore trans-oceanic market this year, according to a report by the Australian government released this week. This loss, estimated at US$ 1.6 billion, could be recovered in two years.

By Xiu Ying, Contributing Reporter

RIO DE JANEIRO, BRAZIL - Within a scenario altered by the Brumadinho disaster, Brazil's share in the global iron ore market is expected to decrease from 25.2 percent to 24.2 percent by 2019, a loss is estimated at US$ 1.6 billion.

The dam tragedy led to the hardening of dam safety regulations and to a legal battle against the operation of several mines.

Meanwhile, Australia's share is expected to . . .

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