Business
Massive new port could give Vale back iron ore crown – MINING.COM – MINING.com
A project for a dedicated iron ore port with a capacity of up to 560 million tonnes per year is advancing in the north of Brazil.
Global total exports amounted 1,170 million tonnes in 2020, 9.3% higher than in 2019. Total China imports exceeded 73% of the world total shipped.
As China shut down many small and low-quality iron ore mines and continues to raise its bar on ore quality to match its environmental standards, Brazil, Australia, and India will be major sources of the net increase in production, Fastmarkets reports.
A project for a dedicated iron ore port with a capacity of up to 560 million tonnes per year is advancing…
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