Brazilian Fund Selects 50 Mining Projects, Receives 900 Million in Funding

Published: Jun 17, 2025 10:26

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The fund jointly established by the Brazilian Development Bank (BNDES) and the National Financial Institution (Finep) has selected 50 projects related to the critical minerals supply chain, with a total of R$5 billion ($900 million) in funding support.

The fund aims to increase investment and promote the development, innovation, and downstream processing of critical minerals, covering vital materials such as lithium, graphite, copper, nickel, and rare earths, to drive transformation in the domestic mining industry. BNDES stated in its announcement that the funds can be accessed through financial instruments such as credit, subsidies, and non-reimbursable support.

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