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Brazil’s July iron ore exports hit record volumes
Brazil exported 41.1 million metric tons of iron ore in July, breaking the country’s previous record of 39.5 million tons set in December 2015, official data showed on Wednesday. Brazil is the world’s second-largest exporter of iron ore after Australia. The steel-making material is also one of Brazil’s main exports alongside oils and soybeans. The data comes as Brazil posted a $7.1 billion trade surplus for July, down 6.3% from a year earlier. Brazilian iron ore shipments, usually led by local miner Vale, rose 4.7% in July from the same month last year, government data showed, even as revenues from these ... (full story)
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- Aug 6, 2025 10:19pm Posted byFundamental Analysis189
