03
Feb
08:23
Brazil iron ore earnings surge, raises investment forecast
Brazil’s mining activity rose on-year in 2020, Brazilian mining institute Ibram says in a report monitored by Kallanish. The sector was boosted mainly by the performance of iron ore, which saw sale and revenue grow despite the Covid-19 crisis.
An upgraded outlook by Ibram suggests that investments in Brazilian mining will amount to $38 billion over 2020-2024, or $10.5 billion more compared to its previous forecast made at the beginning of 2019. This increase…
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Anonymous
Very good overview of the weekly steel market.
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