Brazil offers $815m to back strategic minerals projects

Brazil is offering about $815-million in financing for projects aimed at boosting development of strategic minerals within the South American nation.

BNDES and government funding agency Finep, earmarked five-billion reais in financial backing for companies, including credit lines and equity investments. The support can be used to develop supply chains of minerals including lithium, rare earth elements, nickel, graphite and silicon, as well as investments in manufacturing batteries, photo-voltaic cells and magnets used in products such as electric vehicles and wind turbines.