Iron Ore Flows: Brazil Ships 1.28 M T/Day in 13 Days of April

Iron Ore Flows: Brazil Ships 1.28 M T/Day in 13 Days of April

Brazil has maintained a robust iron ore flow, with the country shipping 1.28 million metric tons per day over the first 13 days of April 2025. This figure underscores Brazil's continued significance as a leading global iron ore exporter, with a focus on high-grade iron ore.

Max Resource Corp. (MXROF) has recently announced successful iron ore test results from its Florália Hematite DSO Project in Brazil. The project, located 67 km east of Belo Horizonte, Minas Gerais, has shown high-grade iron ore results ranging from 59.3% to 69.5% Fe, with recovery rates between 67% and 81% across six bedrock samples [1].

The project's strategic advantages include proximity to infrastructure, with a 15km road to a rail loading terminal and existing connections to established DSO buyers Vale (16km NW) and ArcelorMittal (26km NE). Max Resource Corp.'s subsidiary, Max Brazil Iron, has received In-Principle Advice from ASX and plans to list through an IPO, aiming to raise between AUD $6-10 million through 30-50 million shares at AUD $0.20 per share [1].

The strong iron ore flows from Brazil highlight the country's commitment to maintaining its position as a key player in the global iron ore market. The ongoing success of projects like Florália DSO underscores Brazil's potential to continue meeting global demand for high-quality iron ore.

References:
[1] https://www.stocktitan.net/news/MXROF/max-resource-reports-high-grade-iron-ore-fe-results-from-floralia-2t8il5ft9fh8.html