Brazil Installs Mineral Policy Council, Sets Timelines for 2050 Plan and Critical‑Minerals Advisory Body

Overview

• At the inaugural CNPM meeting attended by President Luiz Inácio Lula da Silva, the government approved six measures, including working groups on critical minerals, fees and charges, sustainable mining, and stronger inspection, plus priorities for a mining policy through 2050.
• A presidential advisory council focused on critical and strategic minerals will be created in 30 to 40 days to guide decisions and shape a national strategy.
• A public consultation for the National Mining Plan 2050 will be launched within 60 days, with proposals on financial guarantees and fiscal incentives to advance processing and refining in Brazil.
• Mines and Energy Minister Alexandre Silveira will meet U.S. Energy Secretary Chris Wright at a G7 gathering in Canada at the end of October to discuss attracting American capital for minerals and data centers.
• The government sees U.S. interest as potential leverage in talks on tariff relief, highlighting industry data that Brazil holds about 10% of global reserves of these inputs but produces roughly 0.09% of world supply.