BNDES and Finep lead financing to boost lithium, nickel, graphite and silicon supply chains
In the quest to consolidate its position in the global strategic minerals market, Brazil announced robust financing of R$5 billion destined for development of critical mineral supply chains and the manufacturing of sustainable technologies. This program, led by the National Bank for Economic and Social Development (BNDES) and the Financier of Studies and Projects (Finep), aims to strengthen the Brazilian mineral sector and expand its production capacity, according to the Bloomberglinea website.
Driving sustainable development
BNDES financing will be directed towards the development of essential minerals such as lithium, nickel, graphite, and silicon. These resources will be essential for the production of batteries, photovoltaic cells, magnets and other vital components for electric vehicles and wind turbines. With the Western world seeking alternatives to reduce dependence on China In strategic minerals, Brazil positions itself as a key player, taking advantage of its vast mineral reserves.
Strategic partnerships for sustainable growth
BNDES president Aloizio Mercadante highlighted the importance of strategic partnerships between national and international entities. Collaboration with mining and technology companies is essential to expand production capacity Brazil's industrial sector in a sustainable and technologically advanced way. “This step is crucial to achieving the government’s objectives of strengthening the mineral sector within a new industrial policy and an ecological transformation plan,” stated Mercadante.
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The financing program has the potential to leverage between R$25 billion and R$50 billion in additional investments, demonstrating Brazil's commitment to developing a robust supply chain and adding value to its mineral resources. This effort not only diversifies the Brazilian economy, but also makes it more competitive on the international stage.