BRAZIL'S IRON ORE PRODUCTION MAY FALL 10% THIS YEAR. APRIL EXPORTS HAVE HIT A 7-YEAR LOW
The Brazilian Minister of Mines said that due to the impact of the dam break in the fresh water valley at the beginning of the year and the subsequent stoppage of the mine, Brazil's iron ore production may fall by 10%this year, and the situation next year is not clear.
Also affected is Brazil's iron ore export trade. Brazil's iron ore exports in April have fallen to a seven-year low to 18.34 million tons, compared with 25.88 million in the same period last year. In March this year, exports were 22.18 million tons.