Brazil to regulate critical minerals without tax breaks

Finance Minister Dario Durigan announced that new regulations for critical minerals will focus on national sovereignty and domestic processing rather than fiscal incentives. The government plans to use the Eco Invest program to attract foreign investment while ruling out the creation of a new state-owned mining company.

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The government of Brazil is moving forward with plans to regulate its critical minerals sector, focusing on national sovereignty and domestic value-added processing rather than fiscal giveaways. Finance Minister Dario Durigan confirmed that the upcoming regulatory framework will not include new tax breaks, citing strong global demand as a sufficient driver for investment.

Finance Minister Dario Durigan discusses economic policy during a press conference in Brasilia. REUTERS/Jorge Silva
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