Brazil iron ore exports up 10.9% in February after Vale boosts output

Brazilian iron ore exports increased by 10.9% in February versus the corresponding month in 2020, with a significantly higher average price, according to data released by the country’s economy ministry on Monday March 1.

Brazil exported 24.05 million tonnes of iron ore in February, up from 21.69 million tonnes in the same month last year, according to the ministry.

Vale, the world’s largest producer, was increasing its capacity usage while reopening operations previously halted due to the disaster in Brumadinho in January 2019. A weaker rainy season in 2021 was also boosting...

Published

Renato Rostás

March 01, 2021

19:57 GMT

São Paulo