Brazil will be the hub of growth in the seaborne iron ore trade next year, which is expected to accelerate slightly from this year, according to an Australian government study.
The latest edition of the country's Resources and Energy Quarterly say world iron ore trade will reach 2.9% next year, up from a forecast of 2.6% growth this year. Beyond that, the researchers see growth moderating to just under 1% in 2019.
