In brief
The government approved a list of 27 critical and strategic minerals.
The substances were split into three priority classes.
What we know
04Verified fact · material
The National Council for the Industrialization of Critical and Strategic Minerals approved the critical mineralsIndustrial policyThemeFederal programs supporting industry and exporters: the Brasil Soberano plan, Nova Indústria Brasil, incentives for critical minerals, fertilizers (Profert) and special regimes such as Redata, with BNDES credit and Treasury tax expenditure.Open in the Market Map ↗ list on November 5, 2026, at its first plenary meeting.
Approval.
Verified fact
According to Gazeta do Povo, gold and niobium were placed in the low-priority class, and rare earths, lithium, nickel and copper in the top class.
Classes.
Sources[02]Verified fact
According to Gazeta do Povo, higher-priority classes get priority access to financial tools such as the FGAM.
Incentives.
Sources[02]
Transmission to assets
Market read-through
The list sets which minerals get priority for incentives, affecting mining projects.
Portfolio impact
01Mineradorasuncertain
Incentive priority.
Rules delayed.
What would change the view: Incentives regulated.
Direction is an explanatory hypothesis, not a forecast or recommendation.
Next signals
What to watch
- Incentive rules
- Rare earth projects
Limits of the reporting
What remains uncertain
- The class of each mineral is detailed in only one source.