{"id":93918,"date":"2025-04-29T20:49:58","date_gmt":"2025-04-29T23:49:58","guid":{"rendered":"https:\/\/murray.adv.br\/?p=93918"},"modified":"2025-04-29T20:49:58","modified_gmt":"2025-04-29T23:49:58","slug":"mining-stays-bullish-with-68-4bn-investment-plan","status":"publish","type":"post","link":"https:\/\/murray.adv.br\/en\/mining-stays-bullish-with-68-4bn-investment-plan\/","title":{"rendered":"Mining stays bullish with $68.4bn investment plan"},"content":{"rendered":"<section class=\"content--header\">\n<div class=\"row content-head non-featured \">\n<div class=\"title\">\n<h6 class=\"content-head__title\" style=\"text-align: center\"><em><strong>China demand and energy transition drive sector growth despite price and tariff risks<\/strong><\/em><\/h6>\n<\/div>\n<\/div>\n<div class=\"content__signa-share\">\n<div class=\"content__signature\">\n<div class=\"content-publication-data\">\n<div class=\"content-publication-data__text\">\n<div class=\"content-publication-data__from\"><\/div>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p class=\"content-publication-data__updated\">04\/29\/2025\n<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"content__share-bar-container\">\n<div class=\"content__share-bar\"><\/div>\n<\/div>\n<\/div>\n<hr class=\"content__divider \" \/>\n<p>Brazil\u2019s mining industry remains optimistic about the market outlook. The expectation is that Chinese demand for iron ore will remain resilient and that the sector can increasingly play a prominent role in the global economy, especially with the rise of critical and strategic minerals essential for the energy transition. Investments projected between 2025 and 2029 total $68.4 billion, up 6.6% from the previous period (2024\u20132028), according to the Brazilian Mining Institute (IBRAM).<\/section>\n<div id=\"mc-article-body\" class=\"mc-article-body \">\n<article>\n<div class=\"no-paywall\">\n<div class=\"wall protected-content\">\n<div class=\"mc-column content-text active-extra-styles \" data-block-type=\"unstyled\" data-block-weight=\"65\" data-block-id=\"2\">\n<p class=\" content-text__container \" data-track-category=\"Link no Texto\" data-track-links=\"\" data-mrf-recirculation=\"Article links\">IBRAM\u2019s projections still account for certain challenges facing the sector, including uncertainties from the U.S.\u2013China trade war and the 25% tariffs imposed by U.S. President Donald Trump on Brazilian aluminum and steel. Iron ore is a key input in steel production. Another concern is the volatility in mineral prices. In 2024, iron ore prices declined from $135 per tonne in January to $105 in December.<\/p>\n<\/div>\n<div class=\"mc-column content-text active-extra-styles \" data-block-type=\"unstyled\" data-block-weight=\"82\" data-block-id=\"3\">\n<p class=\" content-text__container \" data-track-category=\"Link no Texto\" data-track-links=\"\" data-mrf-recirculation=\"Article links\">\u201cIron ore prices this year are expected to remain in the $95 to $105 per tonne range,\u201d said Julio Nery, IBRAM\u2019s director of mining affairs. Despite last year\u2019s drop in international prices, mining industry revenues were not negatively affected. IBRAM\u2019s report shows that revenue grew 9.1% in 2024, reaching R$270.8 billion, with iron ore accounting for 59% of the total. The increase was driven by the stronger exchange rate and robust mineral sales, with iron ore revenues rising 8.6% year over year.<\/p>\n<\/div>\n<div class=\"mc-column content-text active-extra-styles \" data-block-type=\"unstyled\" data-block-weight=\"55\" data-block-id=\"4\">\n<p class=\" content-text__container \" data-track-category=\"Link no Texto\" data-track-links=\"\" data-mrf-recirculation=\"Article links\">Of the total investments projected over the next four years, 28.7%\u2014or $19.59 billion\u2014 will be made by iron ore mining companies. That figure is 13.4% higher than the investment forecast for the 2024\u20132028 period. According to IBRAM, the U.S.\u2013China trade war has not yet disrupted the sector\u2019s investment timeline, but it has raised red flags.<\/p>\n<\/div>\n<div class=\"mc-column content-text active-extra-styles \" data-block-type=\"unstyled\" data-block-weight=\"79\" data-block-id=\"5\">\n<p class=\" content-text__container \" data-track-category=\"Link no Texto\" data-track-links=\"\" data-mrf-recirculation=\"Article links\">In the case of iron ore, Brazil has long relied on Chinese demand. Even during periods of economic slowdown, Beijing has consistently imported large volumes of Brazilian ore, despite competition from geographically closer producers like Australia\u2014a major supplier whose ore is considered to have lower purity levels than Brazil\u2019s. \u201cBrazilian iron commands a $5 to $10 premium for its quality. Higher-grade ore consumes less energy in processing and produces less slag [a byproduct used in cement],\u201d said Mr. Nery.<\/p>\n<\/div>\n<div class=\"mc-column content-text active-extra-styles \" data-block-type=\"unstyled\" data-block-weight=\"42\" data-block-id=\"6\">\n<p class=\" content-text__container \" data-track-category=\"Link no Texto\" data-track-links=\"\" data-mrf-recirculation=\"Article links\">In 2024, Brazil exported 389 million tonnes of iron ore and its products, with nearly two-thirds bound for China. These shipments generated $29.85 billion in revenue, placing the sector behind only crude oil ($44.84 billion) and soybeans ($42.9 billion) in export earnings.<\/p>\n<\/div>\n<div class=\"mc-column content-text active-extra-styles \" data-block-type=\"unstyled\" data-block-weight=\"66\" data-block-id=\"7\">\n<p class=\" content-text__container \" data-track-category=\"Link no Texto\" data-track-links=\"\" data-mrf-recirculation=\"Article links\">The U.S. imported $4.677 billion in Brazilian iron and steel products, accounting for 14.9% of its total imports in those segments\u2014second only to Canada (24.2%). However, unlike exports to China, which are mostly of beneficiated raw ore (processed through crushing, grinding, and magnetic separation), Brazil exports very little raw ore to the U.S., according to Mr. Nery. \u201cThe tariff hikes affect steelmakers, not miners,\u201d he said.<\/p>\n<\/div>\n<div class=\"mc-column content-text active-extra-styles \" data-block-type=\"unstyled\" data-block-weight=\"53\" data-block-id=\"8\">\n<p class=\" content-text__container \" data-track-category=\"Link no Texto\" data-track-links=\"\" data-mrf-recirculation=\"Article links\">Due to the large-scale steel processing infrastructure in the U.S., Brazilian iron is mostly exported in the form of semi-finished steel and pig iron\u2014a processed product free of slag. Pig iron is made in blast furnaces using coke or charcoal and limestone, and serves as an intermediate product for steelmaking in U.S. plants.<\/p>\n<\/div>\n<div data-track-category=\"multicontent\" data-track-action=\"ultimo chunk conteudo\" data-track-noninteraction=\"false\" data-track-scroll=\"view\">\n<div class=\"mc-column content-text active-extra-styles \" data-block-type=\"unstyled\" data-block-weight=\"100\" data-block-id=\"9\">\n<p class=\" content-text__container \" data-track-category=\"Link no Texto\" data-track-links=\"\" data-mrf-recirculation=\"Article links\">According to Lucas Laghi, head of mining and steel at XP, the main exporters of pig iron are ArcelorMittal and Argentina\u2019s Ternium, both of which are privately held. \u201cIn the case of CSN, Usiminas, and Gerdau\u2014all publicly traded\u2014exports to the U.S. are limited,\u201d said Mr. Laghi, who does not expect any \u201csharp turns\u201d in announced investments. \u201cWhen it comes to iron, the sector is closely tied to China, and there\u2019s no sign of significant shifts in steel demand. We might see more volatility in metals like nickel and copper, which are more exposed to fluctuations in global growth,\u201d he added.<\/p>\n<p data-track-category=\"Link no Texto\" data-track-links=\"\" data-mrf-recirculation=\"Article links\">*By\u00a0Guilherme Meirelles\u00a0\u2014 S\u00e3o Paulo<\/p>\n<p data-track-category=\"Link no Texto\" data-track-links=\"\" data-mrf-recirculation=\"Article links\">Source: Valor International<\/p>\n<p>https:\/\/valorinternational.globo.com\/<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>China demand and energy transition drive sector growth despite price and tariff risks &nbsp; &nbsp; &nbsp; &nbsp; 04\/29\/2025 Brazil\u2019s mining industry remains optimistic about the market outlook. The expectation is that Chinese demand for iron ore will remain resilient and that the sector can increasingly play a prominent role in the global economy, especially with [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8106],"tags":[26066,26065],"class_list":["post-93918","post","type-post","status-publish","format-standard","hentry","category-murray-news","tag-68-4bn-investment-plan","tag-mining-stays-bullish"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Mining stays bullish with $68.4bn investment plan - Murray Advogados<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/murray.adv.br\/en\/mining-stays-bullish-with-68-4bn-investment-plan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mining stays bullish with $68.4bn investment plan - Murray Advogados\" \/>\n<meta property=\"og:description\" content=\"China demand and energy transition drive sector growth despite price and tariff risks &nbsp; &nbsp; &nbsp; &nbsp; 04\/29\/2025 Brazil\u2019s mining industry remains optimistic about the market outlook. The expectation is that Chinese demand for iron ore will remain resilient and that the sector can increasingly play a prominent role in the global economy, especially with [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/murray.adv.br\/en\/mining-stays-bullish-with-68-4bn-investment-plan\/\" \/>\n<meta property=\"og:site_name\" content=\"Murray Advogados\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-29T23:49:58+00:00\" \/>\n<meta name=\"author\" content=\"Gelcy Bueno\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Gelcy Bueno\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/murray.adv.br\/en\/mining-stays-bullish-with-68-4bn-investment-plan\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/murray.adv.br\/en\/mining-stays-bullish-with-68-4bn-investment-plan\/\"},\"author\":{\"name\":\"Gelcy Bueno\",\"@id\":\"https:\/\/murray.adv.br\/en\/#\/schema\/person\/dd0d0bea46c2436124555d18c1a0d52e\"},\"headline\":\"Mining stays bullish with $68.4bn investment plan\",\"datePublished\":\"2025-04-29T23:49:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/murray.adv.br\/en\/mining-stays-bullish-with-68-4bn-investment-plan\/\"},\"wordCount\":647,\"keywords\":[\"$68.4bn investment plan\",\"Mining stays bullish\"],\"articleSection\":[\"Murray News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/murray.adv.br\/en\/mining-stays-bullish-with-68-4bn-investment-plan\/\",\"url\":\"https:\/\/murray.adv.br\/en\/mining-stays-bullish-with-68-4bn-investment-plan\/\",\"name\":\"Mining stays bullish with $68.4bn investment plan - Murray Advogados\",\"isPartOf\":{\"@id\":\"https:\/\/murray.adv.br\/en\/#website\"},\"datePublished\":\"2025-04-29T23:49:58+00:00\",\"author\":{\"@id\":\"https:\/\/murray.adv.br\/en\/#\/schema\/person\/dd0d0bea46c2436124555d18c1a0d52e\"},\"breadcrumb\":{\"@id\":\"https:\/\/murray.adv.br\/en\/mining-stays-bullish-with-68-4bn-investment-plan\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/murray.adv.br\/en\/mining-stays-bullish-with-68-4bn-investment-plan\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/murray.adv.br\/en\/mining-stays-bullish-with-68-4bn-investment-plan\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"In\u00edcio\",\"item\":\"https:\/\/murray.adv.br\/en\/home\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Mining stays bullish with $68.4bn investment plan\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/murray.adv.br\/en\/#website\",\"url\":\"https:\/\/murray.adv.br\/en\/\",\"name\":\"Murray Advogados\",\"description\":\"PLG International Lawyers\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/murray.adv.br\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/murray.adv.br\/en\/#\/schema\/person\/dd0d0bea46c2436124555d18c1a0d52e\",\"name\":\"Gelcy Bueno\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/murray.adv.br\/en\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/1ef2acfe966d6deacdeccd2a24ea89192c41fd05fc60e57b79021358a47f5641?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/1ef2acfe966d6deacdeccd2a24ea89192c41fd05fc60e57b79021358a47f5641?s=96&d=mm&r=g\",\"caption\":\"Gelcy Bueno\"},\"url\":\"https:\/\/murray.adv.br\/en\/author\/news\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Mining stays bullish with $68.4bn investment plan - Murray Advogados","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/murray.adv.br\/en\/mining-stays-bullish-with-68-4bn-investment-plan\/","og_locale":"en_US","og_type":"article","og_title":"Mining stays bullish with $68.4bn investment plan - Murray Advogados","og_description":"China demand and energy transition drive sector growth despite price and tariff risks &nbsp; &nbsp; &nbsp; &nbsp; 04\/29\/2025 Brazil\u2019s mining industry remains optimistic about the market outlook. The expectation is that Chinese demand for iron ore will remain resilient and that the sector can increasingly play a prominent role in the global economy, especially with [&hellip;]","og_url":"https:\/\/murray.adv.br\/en\/mining-stays-bullish-with-68-4bn-investment-plan\/","og_site_name":"Murray Advogados","article_published_time":"2025-04-29T23:49:58+00:00","author":"Gelcy Bueno","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Gelcy Bueno","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/murray.adv.br\/en\/mining-stays-bullish-with-68-4bn-investment-plan\/#article","isPartOf":{"@id":"https:\/\/murray.adv.br\/en\/mining-stays-bullish-with-68-4bn-investment-plan\/"},"author":{"name":"Gelcy Bueno","@id":"https:\/\/murray.adv.br\/en\/#\/schema\/person\/dd0d0bea46c2436124555d18c1a0d52e"},"headline":"Mining stays bullish with $68.4bn investment plan","datePublished":"2025-04-29T23:49:58+00:00","mainEntityOfPage":{"@id":"https:\/\/murray.adv.br\/en\/mining-stays-bullish-with-68-4bn-investment-plan\/"},"wordCount":647,"keywords":["$68.4bn investment plan","Mining stays bullish"],"articleSection":["Murray News"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/murray.adv.br\/en\/mining-stays-bullish-with-68-4bn-investment-plan\/","url":"https:\/\/murray.adv.br\/en\/mining-stays-bullish-with-68-4bn-investment-plan\/","name":"Mining stays bullish with $68.4bn investment plan - Murray Advogados","isPartOf":{"@id":"https:\/\/murray.adv.br\/en\/#website"},"datePublished":"2025-04-29T23:49:58+00:00","author":{"@id":"https:\/\/murray.adv.br\/en\/#\/schema\/person\/dd0d0bea46c2436124555d18c1a0d52e"},"breadcrumb":{"@id":"https:\/\/murray.adv.br\/en\/mining-stays-bullish-with-68-4bn-investment-plan\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/murray.adv.br\/en\/mining-stays-bullish-with-68-4bn-investment-plan\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/murray.adv.br\/en\/mining-stays-bullish-with-68-4bn-investment-plan\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"In\u00edcio","item":"https:\/\/murray.adv.br\/en\/home\/"},{"@type":"ListItem","position":2,"name":"Mining stays bullish with $68.4bn investment plan"}]},{"@type":"WebSite","@id":"https:\/\/murray.adv.br\/en\/#website","url":"https:\/\/murray.adv.br\/en\/","name":"Murray Advogados","description":"PLG International Lawyers","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/murray.adv.br\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/murray.adv.br\/en\/#\/schema\/person\/dd0d0bea46c2436124555d18c1a0d52e","name":"Gelcy Bueno","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/murray.adv.br\/en\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/1ef2acfe966d6deacdeccd2a24ea89192c41fd05fc60e57b79021358a47f5641?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/1ef2acfe966d6deacdeccd2a24ea89192c41fd05fc60e57b79021358a47f5641?s=96&d=mm&r=g","caption":"Gelcy Bueno"},"url":"https:\/\/murray.adv.br\/en\/author\/news\/"}]}},"_links":{"self":[{"href":"https:\/\/murray.adv.br\/en\/wp-json\/wp\/v2\/posts\/93918","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/murray.adv.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/murray.adv.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/murray.adv.br\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/murray.adv.br\/en\/wp-json\/wp\/v2\/comments?post=93918"}],"version-history":[{"count":2,"href":"https:\/\/murray.adv.br\/en\/wp-json\/wp\/v2\/posts\/93918\/revisions"}],"predecessor-version":[{"id":93920,"href":"https:\/\/murray.adv.br\/en\/wp-json\/wp\/v2\/posts\/93918\/revisions\/93920"}],"wp:attachment":[{"href":"https:\/\/murray.adv.br\/en\/wp-json\/wp\/v2\/media?parent=93918"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/murray.adv.br\/en\/wp-json\/wp\/v2\/categories?post=93918"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/murray.adv.br\/en\/wp-json\/wp\/v2\/tags?post=93918"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}