Brazilian iron ore sales in 2020 should increase 11.1 percent, year-on-year, to an undisclosed amount, according to a media report by G1 citing consulting company Tendencias.
The consulting report said despite higher iron ore sales volumes, Brazil should also see decreased prices for the commodity in the 2020-2021 period.
Iron ore production at the nation’s northeast region, especially in the state of Pará, where miner Vale owns the Carajás mine, should continue growing, experts said.
The media report noted Brazilian iron ore production should resume levels seen before the Brumadinho incident, which impacted 42 million mt/year in the nation’s combined iron ore output.
The media report noted three Vale sites have already resumed output after the Brumadinho tragedy, which killed thus far 259 people: Brucutu mine, Vargem Grande complex (production was partially resumed) and the Alegria mine.