Brazil, the second largest exporting country after Australia, exported 265 MnT of iron ore during Jan-Sept’15.
Brazil’s total iron ore exports during Jan-Sep’15 surged by 4.5% over same consecutive period of 2014. Total iron ore export from Brazil was recorded as 344 MnT in 2014.
In Sept’15, exports are up by 8% Y-o-Y, and stood at 35.6 MnT in Sept’15 against 33 MnT in Sept’14.
Brazil accounts for about 25% of the global market share of iron ore’s seaborne trade volume. Brazil is home to one of the largest mining companies-Vale. Vale had produced 319 MnT of iron ore in 2014 and targets to produce 340 MnT of iron ore in 2015. The largest export destination of Brazilian iron ore is China.
Vale is planning to launch its biggest project, Carajas mining complex, in the market by Dec’16. The company intends to add 90 MnT of annual capacity of iron ore to the global market and add more quantity of iron ore to its export figures.
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