Brazil ships 24.7 million mt of iron ore in October

According to the statistics provided by Brazil's National Union of the Industry of Extraction of Iron and Base Metals (Sinferbase), in October this year Brazil's iron ore exports amounted to 24.7 million metric tons, increasing by 11.8 percent year on year.
 
The share of the world's largest iron ore exporter Vale in Brazil's total iron ore exports in October equaled 89.5 percent, amounting to 22.1 million metric tons, compared to a 90.5 percent share a year ago.
 
Meanwhile, in the first 10 months of 2010 Brazilian iron ore exports rose by 14.5 percent year on year, reaching 228.94 million metric tons.
 
Vale's share in Brazil's total iron ore exports in the January-October period of this year reached 90 percent, amounting to 206.1 million metric tons, compared to 91.6 percent in the corresponding period of 2009.