REGULATORY HURDLES, SLOW LICENSING HAMPER BRAZIL’S MINING POTENTIAL

Brazil is poised to lead in supplying critical metals for the energy transition, with $64.5 billion in investments projected through 2028 and vast mineral reserves. However, obstacles such as limited geological mapping (only 27% by the Brazilian Geological Service), complex regulations, slow environmental licensing, and funding limitations for smaller mining companies (juniors) pose significant challenges. The EY study highlights Brazil’s need to enhance investment conditions to leverage its substantial mineral wealth. Key minerals like lithium, graphite, and rare earth elements are expected to see surging global demand, driven by the energy transition. To remain competitive, Brazil must address these supply-side constraints and improve its regulatory and funding environment.
Source: Valor International / Datamar News