Brazil to drive iron ore trade growth in 2018

Brazil to drive iron ore trade growth in 2018

Chamber Articles Category: Industry News Post Date: 07/10/17 Source: Trade Winds By: Trade Winds
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Vale's S11D is on track to see gains through this year and into next, forecast says.

Brazil will be the hub of growth in the seaborne iron ore trade next year, which is expected to accelerate slightly from this year, according to an Australian government study.

The latest edition of the country's Resources and Energy Quarterly say world iron ore trade will reach 2.9% next year, up from a forecast of 2.6% growth this year. Beyond that, the researchers see growth moderating to just under 1% in 2019. Read Full Article