Brazil picks 27 critical minerals in push for local supply chain

AI desk brief

Brazil approved a list of 27 critical minerals on Nov. 5, placing gold and platinum group metals in the lower-priority category while restricting federal support to listed minerals and nationally registered projects. A new investment-risk fund can receive up to R$2 billion ($364 million) in federal contributions; a separate programme has an annual funding limit of R$1 billion ($180 million) for 2030–2034. The framework could support domestic precious-metals mining and processing, but project approval rules remain undefined and no metal-specific allocations or production additions are established. The article therefore establishes no directional near-term bullion effect.