Finance Minister Dario Durigan says strong global demand makes fiscal incentives unnecessary, with critical minerals set to feature prominently in the upcoming Eco Invest auction between May and June this year. 

RF Report

Brazil plans to regulate its critical minerals sector without offering new tax breaks, Finance Minister Dario Durigan announced on Friday, 24 April 2026, emphasising the country’s focus on national sovereignty and domestic value addition.

Durigan told Reuters that critical minerals will be a key focus in the upcoming May or June auction under the Eco Invest programme, which uses blended finance mechanisms to attract foreign investment.

The finance minister argued that substantial fiscal incentives are unnecessary given the robust global demand for critical minerals. He noted that major economies are already actively pursuing partnerships with Brazil, Latin America’s largest economy.

While Brazil is currently a small producer, it possesses vast reserves of critical minerals essential for high-tech industries. The US has been working to integrate Brazilian miners into its supply chains as a counterbalance to China’s global dominance in the sector.

Development Minister Marcio Rosa reinforced the government’s position against establishing a state-owned company for critical minerals, while advocating for expedited regulatory framework discussions with Congress.