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Minas Gerais leads mining investments in Brazil: US$ 16,5 billion until 2029 boosts production of critical minerals

Written by Roberta Souza
Published 08/05/2025 às 17:42
ibram - minerals - mining - investment
photo/reproduction: Disclosure

The state stands out in the mining sector, representing 40% of national revenue in the first quarter of 2025, according to Ibram

The mining in Brazil is going through a period of great transformation and growth, with an investment forecast of more than US $ 68,3 billion to 2029. Minas Gerais, in particular, stands out as a protagonist in this scenario, with an expectation of receiving US $ 16,5 billion em investments, What represents 24,1% of the total. This data was recently released by Brazilian Mining Institute (Ibram) and reflect the growing importance of mining in the national economy.

Revenue and growth of the sector

According to ibram, Minas Gerais is responsible for 40% of the Brazilian mineral sector's revenue in the first quarter of 2025, totalizing $ 29,8 billion.

This result represents a growth of 5% compared to the same period of the previous year.

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The sector as a whole made money $ 73,8 billion, with an overall increase of 8,6%.

These figures indicate that mining continues to be a fundamental pillar of the state's economy, generating significant revenue and employment opportunities.

Targeted investments in critical minerals

most of the investments planned for Minas Gerais will be directed to the exploration of critical minerals.

O lithium, in particular, has gained prominence as a vital component in battery production, especially with the increased demand for electric vehicles and sustainable technologies.

The regions of the North of Minas and Jequitinhonha Valley are consolidating themselves as strategic hubs for lithium production, with Salinas standing out as a potential global leader in the production of this mineral.

The CEO of Pilbara Minerals (PLS), Dale Henderson, announced an investment of $370M monthly for the acquisition of Latin Resources, which is responsible for lithium exploration in Salinas.

This type of investment not only strengthens Brazil's position in the global market, but also contributes to local economic development, creating jobs and promoting technological advancement in mining.

The growing demand for minerals in the future

The expectation is that, until 2040, the global demand for critical minerals such as copper, lithium, nickel, cobalt, graphite and rare earths increase by more than 80%.

Brazil stands out in this scenario, occupying the position of 5th largest producer of lithium and 7 º in reserves.

This privileged position allows the country to capitalize on the growth of the rapidly expanding battery and electronics industry.

Job creation and social impact

In addition to financial growth, the mineral sector has generated a significant number of new jobs.

This year, more than 2 thousand new opportunities in the mining in Brazil.

Mining activities not only provide direct employment, but also generate a series of indirect jobs in sectors such as transport, logistics and services, contributing to the economic development of local communities.

Exports and international markets

Iron ore continues to be the flagship of Brazilian mineral exports, representing 53% of the sector's revenue, with $ 38,8 billion generated.

Despite a slight drop in 13% in exports in terms of value, Brazil exported around 87,7 million tons of mineral products in the first quarter of 2025, an increase in 0,3% compared to the previous year.

A China stands out as the main destination for Brazilian exports, absorbing 68,3% of the total.

On the other hand, imports are in decline, with a reduction of 17,1% in dollars and 6,3% in tons.

The main origins of mineral imports are United States, Russia, Australia e Canada, reflecting the globalization of the sector and the interdependence between countries in the production chain minerals.

The role of Ibram and sustainability in mining

O ibram plays a crucial role in monitoring and promoting the Brazilian mineral sector.

The entity provides vital information on market developments, investment trends and sustainable practices.

Sustainability is a growing concern in the mining sector, with companies investing in technologies that minimize environmental impacts and promote social responsibility.

Initiatives to restore degraded areas, use clean technologies and promote responsible mining practices are becoming increasingly common.

Brazil, by focusing on critical minerals and in sustainable practices, it can position itself as a leader not only in production, but also in environmental responsibility in the mining sector.

Those investments em minerals critics, together with growing global demand, place Minas Gerais in a strategic position to become a center of excellence in mining, contributing significantly to Brazil's economic development in the coming years.

SOURCE: OTEMPO

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Roberta Souza

Petroleum Engineer, postgraduate in Commissioning of Industrial Units, specialist in Industrial Corrosion. Get in touch to suggest an agenda, advertise job vacancies or advertise on our portal. We do not receive resumes

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