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Brazilian Exports Grow 14% to US$ 61 Bi While Imports Are Up 22%

Brazil exported in the first semester the equivalent to US$ 60.901 billion, 13.5% more than in the same period last year. Imports, in turn, added up to US$ 41.36 billion, an increase by 21.6%.

The trade surplus in the first six months of 2006 was of US$ 19.541 billion. The information was released today, July 3, by Brazil’s Ministry of Development, Industry and Foreign Trade.

In June, Brazilian exports alone yielded US$ 11.435 billion, an increase by 12% in comparison to the same month in 2005.

Imports in turn, added up to US$ 7.353 billion in the month, 19% more than in June last year. The trade surplus in the month was of US$ 4.082 billion.

CVRD Buys Valesul

The Brazilian mining company Vale do Rio Doce (CVRD) acquired 45.5% of the capital of the aluminum smelter company Valesul, of the state of Rio de Janeiro, for US$ 27.5 million.

Vale do Rio Doce bought the share participation from their partner in the undertaking, BHP Billiton, and now owns 100% of the capital of Valesul. The information is from the press advisory at Vale do Rio Doce.

Valesul has the capacity of producing 95,000 tons per year of primary aluminum and aluminum alloys in the form of ingots and billets.

The company also works with recycling of scrap aluminum for clients, with recycling nominal capacity of 25,000 tons per annum. In the first quarter of 2006, the company’s net revenue was of US$ 58 million.

Anba

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