Brazil Approves Critical Minerals Policy with $7 Billion InvestmentBrazil's Chamber of Deputies has approved a landmark project establishing a National Critical Minerals Policy, a move designed to ensure the country moves beyond being merely a raw material exporter.
The approved legislation includes two major financial mechanisms to support the sector's development:
Fundo Garantidor da Atividade Mineral (Mineral Activity Guarantee Fund): Established with an initial capital of R$ 2 billion.Tax Credit Program: A program providing R$ 5 billion in credits over a five-year period.This policy framework aims to add value to Brazil's mineral resources domestically, fostering industrial processing and technological development within the country.