China’s appetite for iron ore prompts Brazilian miner Vale to explore new deep water port

“Brazilian iron ore mining giant Vale is in talks with the Alcantara Port Terminal on Brazil’s northern coast to increase iron ore shipments to China – a move that aligns with China’s recent attempts to diversify its sources of the critical steelmaking ingredient amid a surge in domestic demand.

Alcantara offers a deepwater port that could host so-called Chinamax or Valemax iron ore carriers – ships as big as some skyscrapers that can carry much more cargo than normal iron ore transport vessels. Vale is considering an increase in the use of the ships after China last month approved four additional ports on its coast to host them.”

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Published on Brasil Mining 04/08/2021.