Brazil Iron Ore Mining to 2030

Brazil Iron Ore Mining to 2030

Summary

GlobalData's Brazil Iron Ore Mining to 2030 (2024 Update) provides a comprehensive coverage on the Brazil’s iron ore mining industry. It provides historical and forecast data on iron ore production, reserves by country, and world iron ore prices. The report also includes the country's macroeconomic performance including nominal GDP and real GDP and mining revenues, demand drivers section providing information on factors that are affecting the country’s iron ore industry such as demand from end use sectors including steel and construction industries. It further profiles major iron ore producers, information on the major active, planned and exploration projects.

Following a strong growth of 6.1% in 2023, Brazil's iron ore mine production is projected to continue its upward trajectory, reaching 436.1 million tonnes (Mt) in 2024.

Vale, Brazil's largest iron ore producer, has been instrumental in driving the country's production growth. The company's strong performance at mines such as S11D and Vargem Grande contributed significantly to the 4.1% increase in the company’s iron ore output during the first half of 2024 (151.4Mt). Moreover, Vale's ambitious expansion plans, including the target of producing 340-360Mt by 2026, position it for continued growth in the coming years.

Beyond Vale, other companies are also contributing to Brazil's iron ore production. The planned commencement of Horizonte Minerals' Araguaia project and the expansion of CSN Mineração's capacity are expected to further boost the country's output.

Scope

• The report contains an overview of the Brazil iron ore mining industry including key demand driving factors affecting the Brazil iron ore mining industry. It provides detailed information on reserves, reserves by country, production, competitive landscape, major operating mines, major exploration, and development projects.

Reasons to Buy

• To gain an understanding of the Brazilian Iron ore mining industry, relevant driving factors
• To understand historical and forecast trend on Brazilian Iron ore production
• To identify key players in the Brazilian Iron ore mining industry
• To identify major active, exploration and development projects in Brazil an overview of the Brazil