Brazils worsening covid-19 crisis is making waves in the commodities world with reduced iron ore shipments from the south american country lifting.
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That could dethrone vale as the no.1 supplier of sea-borne iron ore, and benefit australian rivals such as rio tinto, bhp group and fortescue metals group, said vivek dhar of commonwealth bank.
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China imports 72 of the iron ore it feeds into steel mill furnaces.Australias iron ore power.This country is the largest iron ore producer in the world and holds the top resource capability still in the ground followed in the latter category by brazil, russia, china and ukraine.But reports indicate that chinas stockpiles of iron ore.
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