RIO DE JANEIRO, BRAZIL - Brazil, and Australia are expected to reassert their dominance of the iron ore market over the next two years as several new mines come on stream following the lifting of Covid restrictions.
Australia's iron ore exports are expected to grow by almost 6% next year, with the Australian government now indicating that total export volumes could reach 874 million tonnes in 2021 (and likely more, as AXS Marine data already shows 876 million tonnes as of December 23, 2021), rising to 923 million tonnes in 2022 and again to 948 million tonnes in 2023.
The . . .