Study: Wealthiest Brazilian cities linked to iron ore production

Thursday, 04 January 2024 23:40:23 (GMT+3)   |   Sao Paulo
       

A study unveiled by the Brazilian geography and statistics institute (IBGE) indicates that, among the 10 cities with highest gross domestic product (GDP) per-capita, five have iron ore production as the main economic activity.

Catas Altas, in the southeastern state of Minas Gerais, had in 2021 the highest indicator, equivalent to $187,000 per habitant, hosting operations of the miner Vale.

In the second position, Canaã dos Carajás, located in the northern state of Pará, had $182,000 GDP per capita, also hosting operations of Vale.

In the third position, São Gonçalo do Rio Abaixo, in the state of Minas Gerais, also hosts operations of Vale and a GDP per capita equivalent to $139,600.

The fourth position is held by Itatiaiuçu, in the state of Minas Gerais, hosting mining operations of Usiminas and ArcelorMittal, with a GDP per capita equivalent to $124,600.

In the sixth position, Conceição do Mato Dentro, in the state of Minas Gerais, host mining operations of Anglo American, with a GDP per capita of $105,900.


Similar articles

Brazilian high-grade iron price increases

26 Apr | Scrap & Raw Materials

Global BPI market silent as sellers insist on previous higher offers, buyers retreat

26 Apr | Scrap & Raw Materials

Brazil increases import tax for some steel products

24 Apr | Steel News

Brazil to set import quotas for 11 steel product categories

24 Apr | Steel News

Brazilian high-grade iron ore price declines week-on-week

23 Apr | Scrap & Raw Materials

Usiminas posts lower net profit for Q1 2024

23 Apr | Steel News

CRC import price offers increase in Brazil

23 Apr | Flats and Slab

Brazil’s DEV Mineração to resume operations at Amapá iron ore project

22 Apr | Steel News

Vale's iron ore exports up 97.5 percent in January

19 Apr | Steel News

Auto industry confirms massive investment in Brazil

18 Apr | Steel News