RIO DE JANEIRO, BRAZIL - By value, the country’s mineral exports reached US$37 billion, compared to US$33 billion in the previous year, bolstered by strong Chinese demand for iron ore and the depreciation of the national currency.
In 2020, iron ore contributed 66% of Brazil’s total mineral revenue, and gold 11%. The country exported 342 million tons of iron ore in 2020, compared to 340 million tons in 2019.
Vale will deliver its production report on Wednesday, including updated annual numbers. In its previous report, Vale lowered its 2020 iron ore projection to between 300 million and . . .
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