A golden age for Brazilian iron ore
Nikko AM
Nikko AM
A golden age for Brazilian iron ore? With the football World Cup in full swing in Brazil, it is worth mentioning another large contributor to the Brazilian economy - iron ore. Brazil remains the second largest seaborne supplier of iron ore to China (behind Australia) and is home to the world's largest iron ore producer, Vale. What is often not mentioned when comparing Brazil to Australia, is the superior quality of Brazil's iron ore. Average iron ore grades from Brazil are well above the benchmark 62% iron (Fe) content that is often quoted. Vale produces products with up to 66% iron ore content. Following a recent research trip, we believe Brazil remains crucial to the supply-demand balance in the seaborne iron ore market and will have significant ramifications for prices over the medium to long term. You can read the full report here: (VIEW LINK)
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
Nikko Asset Management is one of Asia’s largest asset managers, providing high-conviction, active fund management across a range of Equity, Fixed Income, Multi-Asset and Alternative strategies.
In April 2021, Yarra Capital Management acquired Nikko Asset Management’s Australian business and assumed responsibility for the distribution of Nikko Asset Management’s funds in the Australian market.
3 topics
Nikko AM
Nikko AM
Nikko Asset Management is one of Asia’s largest asset managers, providing high-conviction, active fund management across a range of Equity, Fixed Income, Multi-Asset and Alternative strategies. In April 2021, Yarra Capital Management acquired...
Expertise
Nikko AM
Nikko AM
Nikko Asset Management is one of Asia’s largest asset managers, providing high-conviction, active fund management across a range of Equity, Fixed Income, Multi-Asset and Alternative strategies. In April 2021, Yarra Capital Management acquired...
Expertise
Comments
Comments
Sign In or Join Free to comment
most popular
Equities
Why "buy and manage" is the better way to invest in stocks
Livewire Markets