Brazil’s iron ore, copper, aluminum ores, and concentrates exports by volume and value decreased in October on an annual basis due to lower demand.
The South American country’s iron ore shipments decreased by 8.8pc to 31.1mn mt in October from 34.1mn mt exported in the same month last year, while the material’s exports by value rose by 33.3pc to $2.8bn from $2.1bn during the same period, data from Brazil’s Ministry of Economy indicated.
Copper ore and concentrates exports also decreased by 24.6pc to 109,166mt in October from 144,929mt in the prior-year period while its shipments by value climbed by 2.6pc to $277.1mn from $269.9mn during the same period.
Brazil’s aluminum ores and concentrates exports declined by 28pc to 479,834mt last month from 667,243mt in October 2019. Exports of aluminum ores and concentrates by value fell by 55pc to $14.7mn from $32.7mn during the same period under comparison.
Brazilian crude steel production rose by 7.5pc to 2.6mn mt in September this year on an annual basis.