Brazil's iron ore production increased by 3% in 2020

Brazil's iron ore production increased by 3% in 2020

  • 2020年09月27日 13:23
  • 来源:中国铁合金网

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  • 关键字:vale,iron ore,production
[导读]Brazilian iron ore production is expected to reach 417 million tons by 2020, up 3%, according to a Brazilian mining report on Sep.24. This is due to the recovery of 40 million tons of stagnant capacity, and will increase 25 million tons by 2021.
Brazilian iron ore production is expected to reach 417 million tons by 2020, up 3%, according to a Brazilian mining report on Sep.24. This is due to the recovery of 40 million tons of stagnant capacity, and will increase 25 million tons by 2021. Vale production fell 18.2% in the first quarter of 2020 from a year earlier due to limited operational maintenance and the new crown epidemic. As a result, Rio took the lead in Vale production, which produced 66.8 million tons of iron ore in the same quarter.
During the forecast period (2020-2024), the annual compound growth rate (compound average growth rate) of iron ore production is expected to be 4.5 and will reach 498.3 million tons in 2024.
Source: China Mining Network
 
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