Brazil to become biggest iron ore exporter – 17 Dec 09

Brazil may surpass Australian as the biggest iron ore exporter.
During 2009, global iron ore seaborne trade totaled 895 million tons. Brazil’s Vale accounted for 26 percent, while Australia’s Rio Tinto and BHP Billiton accounted for 23 percent and 15 percent, respectively.
Vale has said that iron ore prices will likely rise in 2010, triggered by growing demand from China.