Brazil: Iron ore exports edge up 3% y-o-y in Nov’25

  • Brazil’s iron ore exports increased by 2.92% y-o-y to 34.47 mnt in Nov’25, against 33.48 mnt in Nov’24, as per customs data.
  • Meanwhile, shipments dropped by 15.4% m-o-m against 40.7 mnt in the previous month.
  • Average export prices edged up by 7.4% to $74.0/t FOB in Nov’25 from $68.9/t in Nov’24.