News
Iron Ore Faces Supply Problem in Brazil, Rising Demand in China
Issued at 2020-06-24
Tweet
RIO DE JANEIRO, BRAZIL - Brazil again plays a key role in setting the direction of global iron ore prices, since the country, the second-largest global producer, accounts for a significant share of supply. But as soon as the supply shock subsides, the market's fate will hinge on China's still fragile economic rebound.
The main steel ingredient has been traded at over US$100 (R$520) a ton since late May, driven by the ban on Vale's mining complex in Itabira, which accounts for ten percent of the company's production.
Source: riotimesonline.com
Tweet
Related News
- Overview of China's alumina production in May 2025 and forecast for June
- METAL CHINA/DIECASTING/NONFERROUS CHINA 2025 Concluded with a Big Success
- Geologists Reveal World’s Biggest Iron Deposit Worth $6 Trillion Set to Impact Global Economy
- Integrating On-Demand Manufacturing into Modern Supply Chain Strategies
- From Art to Automation: The Evolution of Pattern-Making in Foundries
- Germany reduced steel production by 10.1% y/y in April
- How Russian steel exports have changed in the face of sanctions
- Italian Foundries: No Signs of Recovery Yet in Early 2025
- See all News
