Brazil is extremely rich in mineral deposits and has a well-established mining industry. The country is a major global producer of iron ore, bauxite, kaolin, niobium and gemstones. Iron is, by some way, the most commonly produced mineral – accounting for almost 60% of mineral production in 2020 – and Brazil is usually second only to Australia in terms of iron production. It is also consistently amongst the top three producers of bauxite in the world and is thought to have some of the world’s largest deposits. The country also produces coal, tin, manganese, aluminium, gold, copper, nickel, cobalt, diamonds, titanium minerals, fluorspar, potash, phosphate, zinc and lead. Chinese demand has been a major driver of the sector for several years now and the industry has experienced considerable growth as a result.
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