Exports from the world's largest iron ore port are expected to increase after Vale's dam break

SMM4 4-according to Bloomberg reported that due to the global shortage of iron ore supply, the world's largest iron ore export port of Hedland Port (Port Hedland) began to increase shipments.

Roger Johnston, chief executive of (Pilbara Ports Authority), the port authority in Pilbra, Australia, said shipments of (Pilbara) in the Pilbra region would rise over the next 12 to 18 months.

The Pilbra Port Authority (Pilbara Ports Authority) oversees three ports, including Port Hedland (Port Hedland), of which Port Hedland (Port Hedland) is the world's largest port of bulk cargo export. Compared with the previous fiscal year, the volume of iron ore exports from mining companies such as (Fortescue Metals Group Ltd.), BHP Billiton (BHP) and Roy Hill Holdings Pty increased by 500m tons.

Johnston said last month that the throughput of Port Hedland's (Port Hedland) was also expanding as mining companies were upgrading a series of projects.

(Fortescue Metals Group Ltd.), the Fortescu metals group, said this week that it would continue to push ahead with the $2.6 billion Australian Iron Bridge project, putting 20 million dry tons of high-quality magnetite into the market each year for sale from 2022. And another $1.3 billion Eliwana mine will be developed next year.

BHP Billiton (BHP), the world's largest mining company, is building a $2.9 billion South Flank project.

Rio Tinto (Rio Tinto) said last month that if Vale's dam break continued to ferment and affected high-grade iron ore, the company might consider how to increase its iron ore supply. (Rio Tinto: if the impact in Brazil continues or will consider how to increase the supply of iron ore). Now Rio Tinto (Rio Tinto) is starting construction of the $2.6 billion Koodaideri iron ore mine.

Australia's ore exports are expected to rise from 847 million tons in fiscal 2019 to 874 million tons in 2021. Australia exported 699 million tons of ore in 2018, of which 654.7 million tons of iron ore was exported.

In addition to iron ore, Australia exported more than 3 million tons of lithium concentrate in fiscal year 2018 and plans to increase the production and export of lithium concentrate. Lithium is a key part of the battery assembly.

Australia is the world's largest supplier of lithium. The government expects the value of lithium exports to rise to A $1.7 billion (US $1.2 billion) by 2024.