The rapid decline in iron ore prices is not deterring growth from Brazil, the world's lowest cost and second largest exporting country. Despite average cash margins being down 13% from last year, they are still healthy at US$23/tonne and provide more than enough incentive for Vale to push on with its huge expansion plans. But while Brazil's iron ore industry is faring better than most, it is far from being in boom times with falling investment, curtailments from junior producers and cost cutting being key themes.
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This Iron Ore Supply Summary report details key producers, production levels, costs and margins for iron ore assets in this country. It also analyses industry trends and themes, giving insight into future cost direction.
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Country report | Jun 2016
Brazil iron ore supply summary
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