Brazil Mining Output to Grow 5-8 pct in 2012, 2013-Shanghai Metals Market

Hot Keywords

  • Zinc
  • Market commentary
  • Futures movement
  • Aluminium
  • Inventory data
  • Copper
  • Lead
  • Macroeconomics
  • Evening comments
  • Li-Ion Battery Cathode Material
  • MMi Iron Ore Port Index
  • Morning comments
  • Customs data
  • Silicon
  • scrap copper

Brazil Mining Output to Grow 5-8 pct in 2012, 2013

Industry News 11:14:09AM Mar 01, 2012 Source:SMM

BRASILIA, Feb 29 (Reuters) - Brazilian mining output should rise 5 to 8 percent in value in 2012 and again in 2013, pushed by rising production volumes rather than higher metals and mineral prices, an official at the country's mining industry association Ibram told Reuters. 

Brazil is the world's No. 2 exporter of iron ore, the main steelmaking ingredient. Iron ore, gold and copper production are expected to soar in coming years as a result of $65.8 billion of planned mining-industry investment for the 2011-2015 period, the association said. 

Ibram estimates that mining output in 2011 was worth about $50 billion, said Cinthia de Paiva Rodrigues, the association's research and development manager. 
 

Price

more
#1 Refined Cu
Apr.22
49450.0
20.0
(0.04%)
Yangshan Copper Premium(Bill of Lading)
Apr.22
51.5
0.0
(0.00%)
Yangshan Copper Premium(Warehouse Warrant)
Apr.22
50.5
0.0
(0.00%)
Imported Cu Concentrate TC(Cu≥26%,Week)
Apr.19
67.0
-1.5
(-2.19%)
Imported Cu Concentrate TC(Cu≥26%,Month)
Mar.29
73.5
-6.0
(-7.55%)

Brazil Mining Output to Grow 5-8 pct in 2012, 2013

Industry News 11:14:09AM Mar 01, 2012 Source:SMM

BRASILIA, Feb 29 (Reuters) - Brazilian mining output should rise 5 to 8 percent in value in 2012 and again in 2013, pushed by rising production volumes rather than higher metals and mineral prices, an official at the country's mining industry association Ibram told Reuters. 

Brazil is the world's No. 2 exporter of iron ore, the main steelmaking ingredient. Iron ore, gold and copper production are expected to soar in coming years as a result of $65.8 billion of planned mining-industry investment for the 2011-2015 period, the association said. 

Ibram estimates that mining output in 2011 was worth about $50 billion, said Cinthia de Paiva Rodrigues, the association's research and development manager.