The Strategist

Brazilian government allows lithium exports

07/07/2022 - 03:50

To attract investments, the Brazilian government has permitted lithium exports.

To encourage investment in the sector particularly in the most underdeveloped area of the country, the Brazilian government has approved the export of lithium materials and their derivatives.

Lithium minerals, ores, and their derivatives can now be traded internationally, according to Brazil's Ministry of Mines and Energy.

To ensure Brazil's competitiveness in the worldwide market and to draw investment in mining and research, the legislation encourages opening and dynamism of the Brazilian lithium market.

The majority of Brazil's lithium is discovered in the Vale do Jequitinhonha region of the state of Minas Gerais, where the government hopes to direct investments for its sustainable development. Vale do Jequitinhonha is one of Brazil's economically worst districts. By 2030, it is anticipated that investments in the area will top $2.76 billion.