BRASILIA: Exports of Brazilian iron ore to China through October dropped 1.42% year-on-year to 139Mt, while revenue plunged 53.7% to US$4.69bn, foreign trade department Secex said.
The revenue drop was mostly due to falling iron ore prices amid a supply glut on the international seaborne market.
But iron ore pellet shipments jumped 444% to 7.78Mt, from 1.43Mt in the first 10 months of 2014. Pellet export revenue increased 306% to US$593mn from US$146mn a year ago, Secex said.
Revenue from ferro-niobium exports to China jumped 13.1% to US$321mn over the same period, as volumes increased 14.8% to 13,713t.
Copper cathode sales to China brought in US$446mn, up 123%, as volumes rose 183% to 78,970t.
Copper concentrate shipments rose 45.6% to 98,139t, and increased 25.5% in terms of revenue to US$148mn.
Ferronickel exports to China increased 29.2% to US$153mn from US$118mn in January-October 2014. Ferronickel export volumes rose 81.4% to 41,939t, Secex said.
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