Rising iron ore prices could benefit Brazil’s trade balance
Latin Trade | January 8, 2021
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Higher iron ore prices are expected to benefit the Brazilian trade balance in 2021, drive up profitability of the commodity’s exporters and make ore-derived products more expensive. The reasons for rising ore prices are a decreased supply due to the pandemic and an ever-increasing demand. The commodity is currently worth as much as USD170 per tonne. Last […]