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Vale's Brazilian exports of iron ore rose 18,5% in September from the same period last year, to 37,86 million tonnes, after Vale increased the pace of production.
The volume of exports by Vale of iron ore shipped last month is the highest since December 2015, when Brazil exported a monthly record of 39,5 million tons, according to the Ministry of Industry, Foreign Trade and Services.
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Vale's iron ore exports on the rise
Compared to August, there was a 21% increase in Brazilian shipments of iron ore in September. Vale resumed operations at its Viga plant on Thursday after a judge withdrew an order suspending operations there, the miner said at a securities depository.
Operations at the iron ore concentration plant were suspended for six days, the company said, as it rectified alleged issues relating to its operating license.
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Exports: 11 thousand tons per day
According to the mining company Vale, the stoppage resulted in 11 thousand tons per day of production of iron ore fines out of the market. Iron ore exports at Vale do Brasil – which represent 59% of the country's mineral production – totaled US$5 billion in Q2, 6% higher than Q1 2020 but 5% lower than Q2 2019.
The country exported 76 million tons, 8% above the total registered in the first quarter of 2020, but 3% below the second quarter of 2019.
The metals industry group projects that Brazil will export 310 million tonnes in 2020, down from the 340 million tonnes exported in 2019, but recovering as China appears to be experiencing a construction boom.
