Trade surplus hits $7bn, down 20% year-on-year, as imports outpace exports 12/06/2024 Oil has set a new record in export value for the year through November, becoming Brazil’s top exported product for the first time since the country began tracking trade balance data in 1997. The export of the commodity totaled $42.76 billion over the […]
China’s fifth-largest automaker plans R$5.8bn investment to start production in Brazil 12/06/2024 Automakers setting up operations in Brazil typically begin by establishing dealerships, factory infrastructure, and staff training. GAC, the fifth-largest carmaker in China, is taking a different approach. As it enters the Brazilian market, its first move was to ink partnerships with local universities […]
At Vale Day, company emphasizes iron ore production flexibility amid challenging scenario 12/06/2024 Vale CEO Gustavo Pimenta said the company is studying the Bahia Mineração (Bamin) project but no investment decision has been made. He commented on the topic on Tuesday (3), during Vale Day, a company meeting with investors, at the New York Stock […]