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Brazil Installs National Mineral Council, Approves Six Resolutions and Sets 60-Day Mining Plan Timeline

The push seeks to turn sizable reserves into real supply for the energy transition.

Overview

  • President Luiz Inácio Lula da Silva attended the CNPM’s first meeting after a new decree reorganized the council’s composition and rules.
  • The session approved six measures, including a working group on critical and strategic minerals, plus groups on fees, sustainability and inspection, and endorsed priorities for a 2050 mining roadmap with a public consultation due within up to 60 days.
  • The government committed to establish a specialized presidential advisory council on critical and strategic minerals in roughly 30 to 40 days.
  • Energy Minister Alexandre Silveira plans talks with U.S. Energy Secretary Chris Wright at the G7 in late October to seek investment and discuss cooperation on critical minerals and related projects such as data centers.
  • Sector data cited by industry sources indicate Brazil holds about 10% of global reserves of these inputs yet produces roughly 0.09% of supply, underscoring gaps in refining capacity, regulation and financing.