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Brazil’s Lower House Approves Critical Minerals Framework With R$5 Billion in Incentives

Incentives tied to processing in Brazil aim to bolster industry ahead of Lula’s meeting with President Trump.

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Câmara aprovou projeto de lei que cria a Política Nacional de Minerais Críticos e Estratégicos.
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Overview

  • The Chamber of Deputies, which approved the text in a symbolic vote on Wednesday, advanced the bill that now heads to the Senate for review.
  • The plan offers up to R$5 billion in tax credits from 2030 to 2034 to reward refining and manufacturing in Brazil rather than raw‑ore exports.
  • A new national council (CIMCE/CMCE) would define which minerals are strategic and could homologate or veto control changes and international deals seen as risks to Brazil’s economic or geopolitical security.
  • Financing tools include a Mineral Activity Guarantee Fund with up to R$2 billion from the federal government and potential size of R$5 billion to back loans for priority projects.
  • Companies would face export limits on unprocessed ore, invest a share of revenue in R&D that rises over time, meet traceability and dam safety rules, and comply with added language on prior consultation of Indigenous and traditional peoples under ILO 169.