China's decarbonization goals and urbanization trend are driving the demand for 'greener' steel, which could be met by Brazilian iron ore. Last year, Brazil exported 388 million tons of iron ore, with 64% going to China. Vale, the Brazilian mining giant, believes it has the solution for reducing emissions from the global steel industry. China aims to peak carbon emissions by 2030 and become carbon neutral by 2060. To achieve these targets, the country needs to transition to more sustainable steel production methods. The use of high-quality iron ore from Brazil, which has lower impurity levels and requires less energy-intensive processing, can contribute to reducing emissions in the steelmaking process. This makes Brazilian iron ore a crucial component in China's decarbonization efforts. The future demand for 'greener' steel is significant, and Brazil is well-positioned to meet this demand with its abundant iron ore reserves. [9b6e7aa6]