Vale has seen its iron ore production jump by 15% from November to January, outpacing the growth of the previous year. Announced at a US conference, this rise combats the seasonal rain impacts on operations. This surge outstrips the 11% increase seen in the last quarter of 2023, reaching 89.4 million tons. December witnessed the […]
Related Posts
Market Expects Further Drop in Brazil’s Selic Rate
The latest Focus Bulletin indicates steady inflation expectations for this year, with a slight dip for next year. Analysts predict the official rate to stabilize at 4.63% for 2023, a small drop from last month. For 2024, expectations worsened slightly to 3.91%. The median based on recent updates also echoes this trend. For 2024 and […]
Foreign Tourists Contribute $800M to Brazil in January
The Ministry of Tourism announced that foreign tourists contributed nearly R$4 billion (US$801 million) to Brazil’s economy in January. This figure marks the highest January influx in the last decade, showing a 13.9% increase over January 2019, the year before the pandemic. The data, released on Wednesday (March 6) by the Central Bank of Brazil […]
