WEEKLY: Aust., Brazilian iron ore shipments hit 2.5-y high

The total volume of iron ore dispatched to global destinations from the 19 ports and 16 mining companies in Australia and Brazil reversed from the prior week's dip and jumped 2.6 million tonnes or 10% on week to 28.6 million tonnes over June 12-18, hitting a new high since late December 2020, Mysteel's latest survey found.

The increase was largely contributed by the growing shipments of ore from Australia, where all the 10 ports were operating normally last week and iron ore miners were cranking up their shipments to achieve a better performance at the end of the April-June quarter, Mysteel Global noted. After falling in