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Brazil’s mining sector posted lukewarm results at the beginning of 2022. Both production and sales were down significantly in Q1 compared with one year prior, due in part to maintenance on a number of operation units across the country, the effects of strong rains in the state of Minas Gerais, and a sharp decrease in Chinese imports.
Rising costs, ongoing Covid lockdowns in China, and economic uncertainty in Europe continue to cast a cloud over the mining sector’s prospects.
But there could be one bright spot on the horizon: growing global demand for the minerals used to make electric…
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