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Brazilian Iron Ore Exports From Vale Increased 18.5% In September Compared To The Same Period Last Year To 37.86 Million Tons After Vale Increased Its Production Rate.
The volume of iron ore exports from Vale shipped last month is the highest since December 2015, when Brazil exported a record monthly total of 39.5 million tons, according to the Ministry of Industry, Foreign Trade and Services.
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Iron Ore Exports From Vale On The Rise
Compared to August, there was a 21% increase in Brazilian iron ore shipments in September. Vale resumed operations at its Viga plant on Thursday after a judge lifted an order suspending operations there, the mining company said in a securities filing.
Operations at the iron ore concentration plant were suspended for six days, the company said, while it rectified alleged issues related to its operating license.
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Exports: 11 Thousand Tons Per Day
According to Vale mining company, the shutdown resulted in 11 thousand tons per day of iron ore fines taken off the market. Iron ore exports from Vale in Brazil – which account for 59% of the country’s mineral production – totaled US $5 billion in the second quarter, 6% above the first quarter of 2020, but 5% lower than in the second quarter of 2019.
The country exported 76 million tons, 8% above the total reported in the first quarter of 2020, but 3% lower than the second quarter of 2019.
The metals industry group projects that Brazil will export 310 million tons in 2020, down from 340 million tons exported in 2019, but recovering as China appears to be undergoing a construction boom.
