Reference Message Network reported on April 17th according to the report of Brazil's 247 News Network on April 16th, Brazil's copper exports to China in the first quarter of 2025 hit a record high.
Official data released on the 16th showed that from January to March this year, China imported copper products worth $331 million from Brazil, surging 180% compared with the same period in 2024. The Chinese market accounted for 35% of Brazil's total copper exports, remaining the top destination for Brazil's copper exports.
The report said that the growth in copper product exports was due to strong demand for raw materials in the renewable energy industry. Other related materials from Brazil also performed strongly this quarter: manganese exports increased by 310%, nickel-iron exports rose by 253%, and refined copper and copper alloy sales grew by 56%. Niobium product exports increased by 35%, and niobium iron surged by 13%.
The report also mentioned that Brazil's exports of rare earth metal compounds (such as yttrium and scandium) expanded significantly. In the first quarter, the export volume reached 419 tons, which is seven times the total amount for the whole of 2024.
According to the report, on April 15th, U.S. President Donald Trump ordered an investigation into the possibility of imposing new tariffs on all critical minerals from China, which could deepen cooperation between Brazil and China in this field.
The report also said that in the manufactured goods sector, Brazil's exports of faucets and valves to China increased nearly 13 times, reaching $35 million; machinery and equipment sales saw even more significant growth, rising nearly 100 times year-on-year, totaling $23 million.
According to Brazilian data, in terms of imports, a petroleum drilling platform purchased by Brazil from China in February temporarily changed the structure of imported goods, placing it at the top of the import list.
In addition, Brazilian imports of Chinese solar panels increased by 13% this quarter, setting a new record for the same period. Another highlight was the surge in phosphorus-nitrogen fertilizer imports from China, increasing by 625% to 265,000 tons, also breaking a quarterly record. (Compiled/translated by Han Chao)
Original article: https://www.toutiao.com/article/7494168345370051106/
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