The Australian Bureau of Resources and Energy Economics (BREE)
forecasted that Brazil’s iron ore exports would surge by 10% year on year to
362 million tons in 2014, driven by higher production.
It’s forecasted that iron ore exports will raise by 6% yearly on average and it
is expected to hit 489 million tons in 2019.
Meanwhile, Vale is expanding its giant Serra Sul S11D project, which has annual
capacity of 90 million tons.
Source:
Yieh