Brazil will unveil its National Mining Plan 2050 on Thursday, setting a target to increase its share of global critical minerals production to 12.2% by that year, from 8.3% currently, said the Mines and Energy Ministry.
The plan, drafted by the ministry, will be presented to the National Mining Policy Council but does not require that body’s approval.
Other targets include cutting the average time for reviewing mining permits to 780 days from 1 563 days now, and reducing Brazil‘s dependence on imported phosphate and potash fertilizers to 34.9% from 87.3%.
The government plans to publish a more detailed action plan within 180 days, outlining measures to take over the next four years to implement the 2050 strategy.
Among critical minerals are rare earths, abundant in Brazil and essential for advanced technologies, and which have become a focal point in US-China trade tensions after Beijing began restricting exports of them.
Despite holding the world’s second-largest rare earth reserves after China, Brazil accounts for less than 1% of global output, according to US Geological Survey data from 2026.