A golden age for Brazilian iron ore? With the football World Cup in full swing in Brazil, it is worth mentioning another large contributor to the Brazilian economy - iron ore. Brazil remains the second largest seaborne supplier of iron ore to China (behind Australia) and is home to the world's largest iron ore producer, Vale. What is often not mentioned when comparing Brazil to Australia, is the superior quality of Brazil's iron ore. Average iron ore grades from Brazil are well above the benchmark 62% iron (Fe) content that is often quoted. Vale produces products with up to 66% iron ore content. Following a recent research trip, we believe Brazil remains crucial to the supply-demand balance in the seaborne iron ore market and will have significant ramifications for prices over the medium to long term. You can read the full report here: (VIEW LINK)