Deputy Arnaldo Jardim (Cidadania-SP) presented the report for the new Critical Minerals Framework, proposing a public fund of up to R$ 5 billion to finance mineral projects. The text creates a council to oversee exports and international agreements. Voting is scheduled for Tuesday or Wednesday.
The report for the new Critical Minerals Framework was presented on Monday (4/5) by Deputy Arnaldo Jardim (Cidadania-SP), following delays requested by the government of President Luiz Inácio Lula da Silva (PT). The text authorizes the creation of the Fundo Garantidor da Atividade Mineral (FGAM), with an initial contribution of up to R$ 2 billion from the Union, potentially expanding to R$ 5 billion with company funds, according to BNDES estimates.
In exchange for incentives, companies must invest in innovation: 0.3% of revenue in research and development and 0.2% in the fund for the first six years, rising to 0.5% thereafter. Jardim stated he will work for a vote on Tuesday (5/5) or, at the latest, Wednesday (6/5), with urgency already approved.
The bill proposes the Conselho Especial de Minerais Críticos (CMCE), which will centralize decisions on exports, review international agreements, and veto those threatening national security. The council will define the list of critical minerals, reviewed every four years, and promote local processing, supply chain traceability, and urban mining from e-waste.
The presentation comes amid tensions with US President Donald Trump, who is pressuring partner countries for access to critical minerals.
