The mining industry is preparing to channel $50.4 billion of investments into Brazil between 2023 and 2027, marking the largest sum in a decade. They estimate that these investments could double, reaching $100 billion every next five years. These opportunities are tied to the exponential expansion of mineral consumption, classified as critical for the energy transition through renewable sources such as wind and solar energy, as well as electric vehicles. To meet this need, the International Energy Agency (IEA) anticipates that lithium output should rise by more than 40 times over the next 20 years, while the demand for nickel, cobalt, and graphite will be 20 to 25 times greater than current levels. By 2030, the global minerals and ores market might grow from $320 billion to $1 trillion.
Sources: Valor Econômico/Datamar News