Latin America is a major producer of raw materials, including oil and metals, which are essential to fuel the world's economy. At the forefront of these markets is oil, whose production was worth US$2.2 trillion (millions of millions) in 2022. Among metals, do you know which one moves the most money?

ANSWER

Iron. The value of production of this metal was US$283 billion in 2022 with Brazil ranking as the world's second largest producer, after Australia. It is followed by gold, with US$196 billion, and copper with US$183 billion. You can see it in this chart from Visual Capitalist.