From Agência Brasil · · 1m 10s
Brazil sets mineral investment priorities
Brazil ranks 27 critical minerals by investment priority to boost domestic processing.
In brief
Brazil ranks 27 critical minerals by investment priority to boost domestic processing. Brazil prioritizes 27 critical minerals for domestic processing to reduce reliance on foreign suppliers. Originally reported by Agência Brasil.
Brazil approves mineral priority list
Brazil's National Council for the Industrialization of Critical and Strategic Minerals approved a list ranking 27 minerals by investment priority.
Mineral priority levels
The list classifies minerals into high, medium, and low priority levels based on geopolitical risk, supply concentration, substitution potential, domestic production capacity, and foreign dependence.
Investment funding
The law provides up to BRL 7 billion in incentives for mineral processing and transformation projects guided by the priority list.
High-priority minerals
Brazil holds the world's second-largest graphite reserves, third-largest nickel reserves, and fourth-largest manganese reserves among high-priority minerals.
Minister's statement
Minister of Development, Industry, Trade, and Services Márcio Elias Rosa said Brazil wants to break the cycle of exporting raw materials and importing finished products.
President's statement
President Luiz Inácio Lula da Silva emphasized the need for international partnerships to develop Brazil's minerals industry beyond being a raw material exporter.
The essence
Brazil prioritizes 27 critical minerals for domestic processing to reduce reliance on foreign suppliers.
