Lula government is considering banning exports of raw nickel to add value

The federal government took new steps in state intervention in the extractive sector during the first meeting of the national council for critical and strategic minerals, according to Reuters.

At the time, ministers from the Lula government signaled a possible ban on the export of raw nickel with the declared objective of adding value to the product within the country, according to Reuters.

Also according to Reuters, the federal administration defined an official selection of twenty-seven critical and strategic minerals.

With this classification, the included items will have priority access to state incentives provided for by the national policy on critical and strategic minerals, as reported by Reuters.

What changes for the investor

The measure brings regulatory uncertainty to listed exporting and mining companies, changing the business environment and legal predictability in the commodities sector, which directly affects the strategic planning of companies focused on the global market.

Automatically translated from Portuguese.