Brazil broke its previous record of approximately 390 million tons set in 2018, setting a new annual export record.
The record performance was driven by strong momentum in the final quarter of the year. Monthly exports exceeding 40 million tons in October and December demonstrated one of the strongest periods in the history of Brazil's mining sector.
Among the world's largest exporters, Brazil saw a notable increase in production, particularly at Vale. The company reached its highest quarterly production volume since 2018, with 94.4 million tons in the July-September period. Vale's total production in 2025 is expected to increase by approximately 7 million tons compared to the previous year, reaching 335 million tons.
China was the key driver on the demand side. As the world's largest importer, China is expected to end the year with record purchases. This high demand stems from stock replenishment, competitive prices in overseas markets, and the Chinese government's incentives to support domestic consumption.
This increase in Brazil's exports reflects both the recovery in production and the strong trend in global demand, repositioning the country at the center of global iron ore trade.
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