Brazil Proposes State-Owned Rare Earth Enterprise, Aiming to Boost Global Mineral Cooperation

Published: Apr 20, 2026 09:53

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[SMM Rare Earth News Brief] A Brazilian legislator submitted a bill proposing the establishment of a state-owned rare earth and critical minerals enterprise, "Terrabras" (Terrabras), focusing on mineral research, exploration, and commercialization. The enterprise would operate modeled after Petrobras, with a capital structure that could incorporate private enterprises, development banks, and sovereign funds, while the federal government would hold a minimum stake to ensure control. The proposal requires congressional approval. Brazil possesses the world's largest rare earth reserves outside of China and is becoming a global hot topic for rare earth cooperation.

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