In November last year, Brazilian miner Vale's iron ore export volume totaled 24.28 million mt, increasing by 4.26 percent year on year, according to Brazil's National Union of the Industry of Extraction of Iron and Base Metals (Sinferbase). In the first 11 months of 2013, Vale's iron ore exports fell by 2.76 percent year on year to 234.56 million metric tons.

Meanwhile, in November last year Vale's iron ore sales in the domestic market amounted to 1.19 million mt, decreasing by 18.1 percent year on year. In the first 11 months of the year, Vale's iron ore sales in its domestic market amounted to 14.10 million mt, up 4.73 percent compared with the same period of 2012.