BRASILIA: Exports of Brazilian iron ore to China through September dropped 9% year-on-year to 101Mt, while revenue plunged 58.2% to US$3.52bn, 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 to 6.64Mt from 170,973t in first nine months of 2014. Pellet export revenue increased to US$527mn from US$15.7mn a year ago, Secex said.
Revenue from ferro-niobium exports jumped 37.2% to US$286mn over the period, as volumes increased 38.4% to 12,133t.
Refined copper cathodes sales to China brought in US$322mn, up 114%, as volumes rose 167% to 55,703t.
Copper concentrate shipments rose 52% to 84,934t, and increased 35.7% in terms of revenue to US$132mn.
Ferronickel exports increased 36% to US$125mn from US$92.1mn in January- September 2014. Ferronickel export volumes rose 74.6% to 31,848t, Secex said.
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