Brazil confident it can meet China’s growing appetite for iron ore
Brazilian officials say there is no room for fear when it comes to the country’s capacity to keep up with Chinese demand for iron ore. Iron ore prices hit six-and-a-half year highs last week as the Chinese construction and manufacturing sector experiences levels of activity last seen almost a decade ago.
In the past three months China’s iron ore imports have climbed 20% year on year, while year-to-date they are up 11% compared to 2019.
Via Merco Press