Report Published: "Brazil Mining Report Q4 2015"

Brazil's mining sector will grow steadily over our forecasts to 2019. However, the country's mining industry's value growth will slow over the coming years. Still, mine output will expand as both domestic and foreign firms increase production of both industrial and precious metals.

Brazil's mining industry value will grow 3.3% on average per annum to 2019, largely on the back of iron ore sector investment and output. Iron ore makes up around 85% of the country's total mining export value, though weak prices will mitigate the positive effect of growing export volumes. In the case of iron ore, we forecast prices will average lower year-on-year (y-o-y) in 2015 at USD60/tonne, compared to USD97/tonne in 2014. Beyond 2015, prices will experience nearly flat growth to 2019. Nevertheless, Brazilian firm Vale will continue to take advantage of its low unit costs and seek to increase its global market share as higher-cost production in other countries comes offline. Vale cited cash costs slightly above USD23/tonne in Q414, with costs dipping to as low as USD11/tonne for certain mine assets. Furthermore, US dollar strength, and resultant depreciation in the Brazilian real, will further cap input costs, which are denominated in local currency. Shipping times and costs to China are longer and higher compared with Australian iron ore producers though, which may lead to Australian producers capturing a greater share of the Chinese iron ore import market.

Full Report Details at
- http://www.fastmr.com/prod/1058360_brazil_mining_report_q4_2015.aspx?afid=301

The Brazil Mining Report has been researched at source and features Business Monitor International (BMI)'s mining and commodity forecasts for metals, minerals and gems, covering all major indicators including reserves, production, exports and values. The report also analyses trends and prospects, national and multinational companies and changes in the regulatory environment.

BMI's Brazil Mining Report provides industry strategists, service companies, company analysts and consultants, government departments, trade associations and regulatory bodies with BMI's independent forecasts and competitive intelligence on the mining industry in Brazil.

Key Benefits

* Use BMI's independent industry forecasts on Brazil to test other views - a key input for successful budgeting and planning in this mining market.
* Target business opportunities and risks in Brazil's mining sector through our reviews of latest mining industry trends, regulatory changes and major deals, projects and investments in Brazil.
* Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. KPIs and latest activity), Key Projects Tables and Competitive Landscape Tables.

Coverage

BMI Industry View

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