Brazil's mining industry value will stagnate over the coming years, as a strong project pipeline and rising non-ferrous metal prices struggle to offset declining iron ore prices.
Declining iron ore prices will keep growth limited over the longer term. We forecast Brazil's mining industry value to stagnate from USD55.2bn in 2018 to USD53.3bn by 2022.

Key View 4

SWOT 5

Mining SWOT 5

Industry Forecast 6

Bauxite: Vertical Integration To Support Growth 6

Gold: New Projects To Drive Growth 9

Iron Ore: Miners To Prioritise High-Quality Ore Production 13

Nickel: Rising Prices To Prompt Growth 17

Tin: Slow Project Pipeline To Curb Growth 20

Industry Risk/Reward Index 22

Risk/Reward Index 22

Americas Mining Risk/Reward Index 24

Regulatory Development 31

Market Strategy 34

Monthly Commodities Strategy: Mostly Positive On Prices In 2019 34

Competitive Landscape 43

Global Company Strategy 45

Anglo American 45

Vale 51

Alcoa 56

Regional Overview 60

Americas Key Themes 60

Mining Methodology 67

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