Government Prepares National Plan for Critical Minerals With BNDES Incentives and Issuance of Debentures Aiming at Industrialization and Energy Sovereignty
According to information from Folha de São Paulo, the Brazilian government is working on a national plan for critical minerals that includes incentives for companies in the sector.
The central idea is to use subsidized credit and new financing instruments to stimulate the extraction and processing of inputs.
Brazil holds one of the largest reserves of rare earths on the planet.
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The prospector who heard about the advance of soy in Maranhão and opened a grocery store in Balsas in 1986 transformed that small store into Grupo Mateus, the third largest supermarket in Brazil, with revenues of R$ 43.5 billion and 490 units.
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Fiserv, the world’s largest payment processor, has just inaugurated its first factory outside Asia in Brazil. The unit in Betim (MG) will produce 100,000 Clover payment terminals per year and is part of a US$100 million investment that includes technology and expansion until 2027.
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Fiserv, the world’s largest payment processor, has just opened its first factory outside Asia in Brazil. The unit in Betim (MG) will produce 100,000 Clover payment terminals per year and is part of a US$100 million investment that includes technology and expansion until 2027.
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Pix could become a headache between Brazil and the US, and the Lula government will go to the White House to explain the system before pressure mounts.
The plan is expected to be completed this year and gains strength given the interest of the United States in these minerals, which are essential for sectors such as defense.
These elements, essential for the production of superconductors, wind turbines, electric car motors, semiconductors, and military equipment, are currently dominated by China, which concentrates most of the global production.
Dependence and Vulnerability
Washington sees Brazil as an opportunity to reduce its dependence on Beijing. Currently, China not only controls extraction but also dominates the refinement of rare earths, a stage where minerals gain strategic value.
This places the U.S. in a vulnerable position, especially in a context of trade and military tensions. For the U.S. government, diversifying suppliers is a matter of national security.
Debentures and BNDES on the Agenda
According to government members, two fronts are under analysis. The first would allow extraction companies to issue incentivized debentures.
The second envisions the creation of a new line of loans from BNDES.
Additionally, the mechanisms could also be used by companies that do not operate directly in extraction but in other stages of the production chain.
Thus, the incentive would reach more activities, enhancing the technological development of the sector.
The Minister of Mines and Energy, Alexandre Silveira, stated that adding value within national borders is a guideline of the plan.
For him, the country should not be merely an exporter of commodities.
Long-Term Agenda
Although the plan has been discussed since the beginning of the Lula 3 government, it has not yet been officially presented. Nevertheless, critical minerals already occupy a central position in the development agenda.
The topic is set to integrate the goals of the national long-term strategy until 2050, which is being formulated by the Ministry of Planning.
The government argues that the activity needs to be sustainable, safe, and innovative, ensuring sovereignty and a leading role in the energy transition.
Growing Global Demand
International interest is driven by the substitution of fossil fuels. Minerals such as lithium, cobalt, nickel, graphite, niobium, copper, tantalum, and uranium are essential for wind turbines, batteries, and electric vehicles. Therefore, demand is expected to grow.

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