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Iron ore drop is a wake-up call for Vale and Brazil’s exports to China

Exports of iron ore from Brazil to China represent not only one of the primary sources of revenue for the Brazilian economy but also serve as a reference for the business of Vale (VALE3).

These are sales that accumulated a fall of 39% in the first nine months of 2022 compared to the same period last year.

From January to September, Brazil exported US$14.42 billion of the product to the Asian country, below the total of US$23.45 billion in the first nine months of 2021, according to data from the Ministry of Economy, which includes sales . . .

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