Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Brazil’s iron ore and copper exports climbed by volume and value, while ferrous scrap shipments dropped in January, according to the latest figures from the country’s Ministry of Economy.


Ferrous scrap exports fell by 62.2pc to 19,001mt in January, from 50,348mt in the same month of 2020. Scrap shipments by value also declined to $7.18mn in January, from $10.96mn in the same month of the prior year.


Brazil’s iron ore and concentrates shipments rose by 8.6pc to 28.9mn mt in January 2021, from 26.6mn mt in the same month of the prior year, and iron ore exports by value were up 58.2pc to $2.7bn from $1.7bn during the same period under comparison. According to the Ministry of Economy, the value of iron ore exports increased on higher prices for the material, which have grown by 45pc since January 2020.


Exports of aluminum ores and concentrates rose by 56.4pc to 422,564mt in January, from 270,187mt shipped in the same month of 2020. Aluminum ores and concentrates exports by value, however, fell to $14.14mn from $17.21mn during the same timeframe.


Copper ores and concentrates shipments increased by 43.3pc to 91,278mt in January, from 63,698mt shipped in January 2020, and rose in value by 28.3pc to $223mn in the first month this year, from $144mn reached in the same month the prior year.


Shipments of nickel ores and concentrates doubled to 9,991mt in January on an annual basis, and by value reached $197.2mn in the same period.


The South American country also saw an increase in its shipments of automotive parts and accessories to 24,791mt in January, from 21,974mt shipped in the same month of 2019, the ministry noted.



Leave a Reply

Your email address will not be published.