Brazil confident of meeting China’s rising iron ore needs

Brazilian government sources have expressed confidence that the world’s second largest iron ore exporter is capable of maintaining supplies to satisfy China’s surging demand. While China’s iron ore imports registered 20% y-o-y growth in Jun-Aug’20, Brazil’s exports stood at 76 mn t in Q2 CY20 – 8% higher over Q1. Mining giant Vale’s exports touched 33.4 mn t in Jul’20, up 60% from May’20.