Brazil will find itself in the international spotlight later this year as it takes on the rotating presidency of the G20 in 2024 and prepares to host world leaders from the world's biggest economies in Rio de Janeiro this November. The summit's motto, 'Building a Just World and a Sustainable Planet', underlines the Lula government's attempts to make green diplomacy the fulcrum of Brazil's foreign policy. There are two central pillars to this policy: custodianship of the Amazon rainforest and the provision of critical minerals for the electrification of supply chains. The latter places an obligation for the mining industry in Brazil to grow and diversify, all whilst coming under greater scrutiny from over-stretched regulators.

Through our partnerships with ADIMB and the Toronto Stock Exchange and following over 80 interviews with leading companies operating in Brazil, we are happy to circulate our ‘Brazil Mining 2024’ pre-release! Brazil's mining sector continues its upward trajectory, with developments and projects across a suite of different minerals laying the foundations for the country to become a leading exporter of minerals crucial for the green energy transition. Going forward, access to capital and volatile commodity prices remain a challenge, however, initiatives like the BNDES and Vale’s strategic minerals investment fund are paving the way for future, strategic public-private collaborations.