Wednesday, 3 April 2013

Brazil Metals Report Q2 2013

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Brazil Metals Report Q2 2013
Apr 3rd 2013, 00:00

BMI View: Metal consumption growth in Brazil will be driven by the automotive, construction andinfrastructure sectors in the coming years as investment under Brazil''s Growth Acceleration Program isramped up throughout 2013 and 2014. In particular, we highlight preparations to host the 2014 FIFAWorld Cup and the 2016 Olympic Games in Rio de Janeiro. We foresee strong metals demand growth onthe back of our forecast for 3.9% economic growth on average per annum from 2013 to 2017.Consumption To Exceed ProductionWe believe metals demand will remain strong in the coming years. We forecast construction andinfrastructure industry value to average 5.0% and 5.4% growth, r...

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