Brazilian Finance Minister: Brazil aims to regulate the key mining industry without providing tax breaks.

Brazilian Finance Minister Dario Durigan stated that the key mineral rules being planned by Brazil do not involve new tax breaks, and the goal is to ensure national sovereignty and add value through domestic processing. Given the strong global demand, developing key minerals in Brazil does not require large-scale fiscal incentives. He pointed out that major economies are already seeking partnerships with the largest economy in Latin America. Durigan, who just took over the Finance Ministry last month, stated in his new office that key minerals will be a priority in the "ecological investment" project to be auctioned in May or June. The project will attract foreign investment through a mixed financing model.