Seaborne iron ore market to lose 40mln tonnes in supply next year: Vale

The iron ore seaborne market supply might lose 40 million tonnes in 2022 compared with 2021, the ferrous director at Brazilian mining company Vale, Marcello Spinelli, said on Friday October 29.

This reduction follows from a trend that began this year of important iron ore suppliers – including Brazil, India and the Commonwealth of Independent States – focusing more on their domestic markets....

Published

Renato Rostás

October 29, 2021

19:24 GMT

São Paulo