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Mining Sector Prepares Billion-Dollar Offensive: Brazil Will Have R$ 350 Billion in Investments by 2029 in Iron, Lithium, and Rare Earths — and Could Become a Strategic Geopolitical Power Against China and the USA

Written by Valdemar Medeiros
Published on 19/08/2025 at 07:12
Updated on 19/08/2025 at 08:36
Mineração bilionária: Brasil fatura R$ 139 bilhões em 6 meses e prepara corrida histórica de US$ 68,4 bilhões até 2029 - promessa de transformar regiões e criar milhares de empregos
Foto: Mineração bilionária: Brasil fatura R$ 139 bilhões em 6 meses e prepara corrida histórica de US$ 68,4 bilhões até 2029 – promessa de transformar regiões e criar milhares de empregos
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Brazilian Mining Earns R$ 139 Billion in 6 Months, Generates 226 Thousand Jobs and Forecasts US$ 68.4 Billion in Investments Until 2029 to Boost the Sector.

The performance of Brazilian mining in the first half of 2025 reinforces the sector’s weight in the national economy and its strategic relevance for the country’s future. Between January and June, the sector generated R$ 139.2 billion, recording a growth of 7.5% compared to the same period last year, according to data from the Brazilian Mining Institute (IBRAM). In addition to the impressive revenue, the segment is preparing for a historic race of US$ 68.4 billion in investments until 2029, with the potential to transform mining regions, generate thousands of jobs, and increase Brazil’s participation in international trade.

Mining Revenue on the Rise Driven by Critical Minerals

The mining revenue in the semester was marked by the expansion of so-called critical minerals, which reached R$ 21.6 billion, with a rise of 41.9% compared to 2024. This group includes strategic inputs for the energy transition, such as lithium, nickel, and copper, increasingly demanded by the battery and electric vehicle industry.

Despite the positive performance, iron ore — the flagship of Brazilian mining — recorded a decline of 8.2% in revenues, accumulating R$ 73.5 billion and representing 52.8% of the sector’s revenue. This drop reflects price fluctuations in the international market, but did not compromise the final balance, as other minerals offset the loss.

Leading States of Brazilian Mining

The map of mining in Brazil remains concentrated in three states: Minas Gerais, Pará, and Bahia. Together, they account for almost 80% of the sector’s total revenue.

Minas Gerais continues to lead, with 39.7% of the revenue, followed by Pará (34.6%) and Bahia (4.8%). These states not only concentrate large mines but also logistical infrastructure that facilitates the flow of production for export.

Job Creation and Record Revenue

One of the highlights of the IBRAM report is job creation. From January to June, Brazilian mining recorded 226 thousand direct jobs, with the creation of 5,085 new positions in just six months.

Considering indirect and induced jobs, the impact on local economies is even greater, strengthening productive chains and commerce in mining municipalities.

In terms of tax collection, the sector collected around R$ 48 billion in taxes and levies, an increase of 7.5% over 2024. Of this total, the Financial Compensation for the Exploration of Mineral Resources (CFEM) amounted to R$ 3.7 billion, a vital resource to finance infrastructure and public service projects in cities affected by the activity.

Mining Exports and Trade Balance

Brazilian mineral exports totaled 192.5 million tons, a growth of 3.7% in volume. The trade balance of minerals recorded a surplus of US$ 16 billion, equivalent to 53% of the entire Brazilian trade surplus during the period.

China remains the main destination for mineral exports, absorbing 68.1% of the total volume, mainly of iron ore and bauxite. The United States led the list of mineral product suppliers to Brazil, followed by Russia, Australia, and Canada. This exchange reinforces Brazil’s strategic position as one of the major global players in the sector.

Mining Sector and Global Energy Transition

The mining sector is one of the pillars of the energy transition, and Brazil has established itself as a key supplier of critical minerals. The investment plan of US$ 68.4 billion until 2029 foresees the expansion of lithium, nickel, and copper mines, as well as new projects to diversify production and reduce dependence on iron ore.

These investments are expected to modernize processes, strengthen the sustainability of the production chain, and generate thousands of direct and indirect jobs. The expectation is that mining regions will receive new industrial plants and support infrastructure, which could transform the economic reality of states such as Minas Gerais, Pará, and Bahia.

Challenges and Prospects of Brazilian Mining

Despite the optimistic scenario, Brazilian mining faces significant challenges, such as environmental pressures, the need for faster licensing, and demands for greater sustainability in operations.

The sector also needs to balance expansion with measures to mitigate social and environmental impacts, ensuring that economic benefits translate into development for local communities.

At the same time, global demand for strategic minerals is growing rapidly, placing Brazil in a privileged position. With billions in investments already announced, the country can consolidate itself as a protagonist in a sector that is at the center of the technological and energy transformations of the 21st century.

And you, do you believe that Brazilian mining will be able to take advantage of this billion-dollar cycle to generate sustainable development and quality jobs by 2029?

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Valdemar Medeiros

Graduated in Journalism and Marketing, he is the author of over 20,000 articles that have reached millions of readers in Brazil and abroad. He has written for brands and media outlets such as 99, Natura, O Boticário, CPG – Click Petróleo e Gás, Agência Raccon, among others. A specialist in the Automotive Industry, Technology, Careers (employability and courses), Economy, and other topics. For contact and editorial suggestions: valdemarmedeiros4@gmail.com. We do not accept resumes!

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