Sao Paulo, May 4 -- Brazil's federal government has ruled out creating a state-owned company for the critical minerals sector, instead focusing on policies to boost domestic processing and industrialisation of strategic resources. The position was outlined by Development, Industry, Trade and Services Minister Marcio Elias Rosa in an interview, as part of broader efforts to reshape the country's mineral policy.

The government's proposals are linked to a bill on the National Policy for Critical and Strategic Minerals, reported by Congressman Arnaldo Jardim. The central objective is to prevent Brazil from remaining an exporter of raw materials without value addition, and instead strengthen domestic supply chains.

Rosa emphasised the need f...