Oil And Iron Ore Exporting Companies, Such As Petrobras, Vale, And CSN, Benefit From Rising Prices. But How Long?

Written by Roberta Souza

Published on 07/01/2021 at 18:05

Updated on 07/01/2021 at 18:06

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With the Rise of Commodities – Oil, Iron Ore, Soybeans and More, Companies Like Petrobras and Vale Are Becoming Increasingly Valued

In the first week of the year, shares and prices of various types of commodities such as oil, coffee, soybeans, iron ore among others, are rising in the market. In the early trading sessions of this year, the Ibovespa was boosted by rising shares of the mining company Vale and Petrobras, which hold the largest share of the index.

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The Brazilian oil company has seen a 7% increase in its shares, while the mining company rose 9% during the week. This is due to the increase in the prices of raw materials traded in the global market.

Iron Ore

The price of iron ore, a raw material that boosted the performance of Vale and several steel mills, has accumulated a significant increase of 74% in 2020, but there are still no signs that it will begin to stabilize. The high demand from China is a key factor in this recovery.

ARTICLE CONTINUES BELOW

Oil

The good news for Petrobras is that OPEC has decided to limit oil supply in the next two months, which will pressure commodity prices. The direct result was that the price of Brent crude oil futures traded in London surged and was used as a reference by state-owned companies. The contract reached its highest level since February 2020.

Brent oil rose by US$ 0.76, or 1.47%, to US$ 52.56 per barrel, at 8:11 AM (Brasília time). US oil increased by US$ 0.47, or 0.97%, to US$ 48.99 per barrel.

The crisis caused by the pandemic led governments and central banks around the world to implement expansionary fiscal and monetary policies, respectively. The result is that commodities reflect globally, meaning prices rise after a sharp decline.

Oil And Iron Ore Exporting Companies, Such As Petrobras, Vale, And CSN, Benefit From Rising Prices. But How Long?

With the Rise of Commodities – Oil, Iron Ore, Soybeans and More, Companies Like Petrobras and Vale Are Becoming Increasingly Valued

Check Out:

Iron Ore

Oil

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

Four times faster than the Concorde, capable of taking passengers from New York to London in less than an hour at Mach 5.5, and with an engine that switches from turbojet to ramjet mid-flight at Mach 3.5, the Hermeus Quarterhorse went from paper to its first flight in just 19 months.

She started by collecting oyster shells from restaurants and today she has already accumulated more than 10 tons to restore reefs, recover coastal habitats, and demonstrate how a common waste can become a tool for ocean conservation.

SpaceX will dock a $843 million vehicle to the International Space Station to push a nearly 420-ton laboratory against the atmosphere and make the debris fall in a controlled manner into the ocean.

China opens the world’s first school where more than 100 humanoid robots from different brands will study together, each movement will be repeated up to 600 times a day and the data will feed a collective brain that will teach all the robots of the future.

A giant golden ball in the middle of gardens in India was assembled with 1,415 discs, took decades to be completed, and transforms sunlight into controlled central lighting.

Three teenagers surprise the world by creating a powder with tamarind seeds that removes microplastics from water, requires no electricity, and wins an international prize of $12,500 at The Earth Prize 2026.

India completes tests of Project Kusha, its own long-range air defense shield to shoot down aircraft and missiles hundreds of kilometers away.

The largest neighborhoods in each state of Brazil are astonishing in size: Campo Grande leads with 352,000 inhabitants, Cidade Industrial exceeds 172,000, and Jorge Teixeira dominates the North.

China prepares a “panoramic Hubble” with 2.5 billion pixels and a field of view 300 times larger: Xuntian will have a 2-meter mirror, resolution close to that of the American telescope, can dock at the Tiangong space station for maintenance, and promises to map 40% of the sky in a decade.

Oil And Iron Ore Exporting Companies, Such As Petrobras, Vale, And CSN, Benefit From Rising Prices. But How Long?

With the Rise of Commodities – Oil, Iron Ore, Soybeans and More, Companies Like Petrobras and Vale Are Becoming Increasingly Valued

Check Out:

Iron Ore

Oil

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

Four times faster than the Concorde, capable of taking passengers from New York to London in less than an hour at Mach 5.5, and with an engine that switches from turbojet to ramjet mid-flight at Mach 3.5, the Hermeus Quarterhorse went from paper to its first flight in just 19 months.

She started by collecting oyster shells from restaurants and today she has already accumulated more than 10 tons to restore reefs, recover coastal habitats, and demonstrate how a common waste can become a tool for ocean conservation.

SpaceX will dock a $843 million vehicle to the International Space Station to push a nearly 420-ton laboratory against the atmosphere and make the debris fall in a controlled manner into the ocean.

China opens the world’s first school where more than 100 humanoid robots from different brands will study together, each movement will be repeated up to 600 times a day and the data will feed a collective brain that will teach all the robots of the future.

Heir worked at thirteen in an ice cream factory without revealing he was the owner’s son; today, at twenty-five, he leads the best-selling ice cream brand for home consumption in the Northeast, grosses almost R$ 300 million, has 145 stores, and competes with multinationals with regional flavors.

Lock manufacturer from Rio Grande do Sul invests R$ 150 million to surpass R$ 1 billion in revenue, create 200 jobs, and double storage capacity, while choosing Santa Catarina to set up a new logistics center and speed up deliveries in Southern Brazil.

Luciano Hang’s cousin left Havan after nearly a decade, invested in real estate, and now manages R$ 6 billion in launches; the entrepreneur, who only gets paid when he sells, claims to have sold out an entire building in Santa Catarina in just 45 minutes.

Trump threatens Brazil with a 25% tariff and uses illegal deforestation as an argument to pressure exports; US report accuses environmental failures, while recent decline in the Amazon exposes a dispute that could impact Brazilian trade and politics.

A giant golden ball in the middle of gardens in India was assembled with 1,415 discs, took decades to be completed, and transforms sunlight into controlled central lighting.

Three teenagers surprise the world by creating a powder with tamarind seeds that removes microplastics from water, requires no electricity, and wins an international prize of $12,500 at The Earth Prize 2026.

India completes tests of Project Kusha, its own long-range air defense shield to shoot down aircraft and missiles hundreds of kilometers away.

The largest neighborhoods in each state of Brazil are astonishing in size: Campo Grande leads with 352,000 inhabitants, Cidade Industrial exceeds 172,000, and Jorge Teixeira dominates the North.

China prepares a “panoramic Hubble” with 2.5 billion pixels and a field of view 300 times larger: Xuntian will have a 2-meter mirror, resolution close to that of the American telescope, can dock at the Tiangong space station for maintenance, and promises to map 40% of the sky in a decade.