Brazil Iron-Ore Exports Surge as Vale Boosts Production
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Brazil, the world’s second-largest iron-ore exporter, said shipments of the steelmaking raw material jumped to the highest in at least nine years as Vale SA boosted output.
Exports gained 18 percent last month to 37.4 million metric tons compared with 31.8 million tons a year earlier, the country’s ministry of Development, Industry and Trade said on its website today. That’s the highest monthly iron-ore volume since at least April 2005 when Bloomberg started compiling data.