Iron ore price, page-52104

Serious rains hitting most of Brazil this wet season, mostly in the south, but Vales mines have probably been affected as well up north..

According to Brazil’s National Institute of Meteorology (Inmet), the climate phenomenon El Nino caused above average rain and heat in the country during April 2024, the month just gone by.

In the states of Bahia, Rio Grande do Sul, Pará and Maranhao, rainfall exceeded the historical average, it said on its website.

“The month was marked by episodes of rain that caused flooding, landslides and impacts on agribusiness…In addition, the month was also marked by heat, typical of summer and influenced by El Nino,” said Inmet.

It added that the largest accumulations of rain in the last 30 days occurred in the centre-north of the country, due to the combination of heat and high humidity that contributed to the formation of rain clouds, in addition to the Intertropical Convergence Zone (ITCZ) which contributed with increased instability, causing locally heavy rains in the northern part of Brazil.

“Furthermore, the transport of moisture from the ocean to the continent was responsible for rainfall volumes in the eastern part of the Northeast region,” it noted.