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IN THIS ISSUE
Download a special report by Deutsche Bank Research on Brazil:
The Brazilian economy is booming, but it has also become more sensitive to a combined current and capital account shock. Thanks to strong fundamentals such a shock would, similar to 2008, not jeopardise Brazil’s overall economic stability.
 
Aluminium demand will outstrip supply
Aluminium supplies will struggle to meet surging global demand over the next decade, leading to price rises, according to the head of Alcoa, the world’s largest producer of the metal.
 
Looking for a trusted partner in Latin America?
EMA of London fields a global team of trading, sales and research professional to meet your needs and provide you with tailored services.
 
EVENTS
World Economic Forum on Latin America
Rio de Janeiro,
Brazil 27-29 April
Latin America, a thriving region of more than 600 million people, has a promising decade ahead. It is a leading global trader of agro-products with major reserves of raw materials and immense rainforests, which are vital for the global climate and hold potential for renewable energies.
 
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April 2011 Newsletter
 
Brazil: Platform for growth

Special report Joe Leahy, London
On the Cidade de Angra dos Reis oil platform, surrounded by the deep blue South Atlantic, a Petrobras engineer turns on a tap and watches black liquid flow into a beaker.
Brazil Presalt reserves

It looks and smells like ordinary crude oil. But for Brazil, this represents something much more spectacular. Pumped by the national oil company from “pre-salt” deposits – so-called because they lie beneath 2,000m of salt – 300km off the coast of Rio de Janeiro, it is some of the first commercial oil to flow from the country’s giant new deepwater discoveries.
Already estimated to contain 50bn barrels, and with much of the area
still to be fully explored, the fields contain the world’s largest known offshore oil deposits. In one step, Brazil could jump up the world rankings of national oil reserves and production, from 15th to fifth. So great are the discoveries, and the investment required to exploit them, that they have the potential to transform the country – for good or for ill.
 
Nuclear crisis has implications for coal
Coal Mine in ColombiaThe consequences of Japan’s multi-faceted disaster – the earthquake, tsunami and now its nuclear crisis – for the $100bn-a-year seaborne thermal coal market are slowly becoming clear. Even if over the short-term the impact is mixed, beyond a few months it is decidedly bullish.
The combination will be positive for big coal miners such as Xstrata, Bumi of Indonesia, Anglo American and US-based Peabody, and for the biggest traders of the commodity, including Glencore – which handles around 30 per cent of the seaborne coal market – Noble Group of Hong Kong and US-based Cargill.
 

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EMA of London

 
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