Brazil Sets Goal to Produce 12.2% of World’s Critical Minerals by 2050

Overview

• The Ministry of Mines and Energy, led by Alexandre Silveira, presented the Plano Nacional de Mineração 2050 to the national council on Thursday and said a ministerial portaria will make the plan official.
• The PNM 2050 sets national targets to raise Brazil’s share of global critical-minerals production from 8.3% to 12.2% by 2050 while increasing the mining sector’s GDP share and creating 2.8 million direct jobs.
• The published plan lays out procedural reforms including regular reviews, extra resources for the national mining agency (ANM) and a goal to cut average licensing analysis from 1,563 days to 780 days.
• A companion law approved by the Chamber and pending in the Senate would restrict unprocessed raw exports and offer progressive fiscal credits of up to 20% with an annual cap, and the government says the Senate vote will shape the official list of critical minerals.
• The PNM emphasizes a large gap between Brazil’s reserves and output — for example nearly 25% of global rare-earth reserves but under 1% of production — and aims to boost domestic processing to convert geological wealth into jobs and industrial activity.