# Brazil’s Mining Revenue Surges 34% to $13.5 Billion

*Iron ore leads gains as Ibram forecasts $68.4 billion in new investments through 2029*

- Published: 2025-10-21
- Section: Insights
- Tags: Brazilian mining sector, Ibram investments, iron ore exports, rare earths Brazil
- URL: https://brazilstockguide.com/insights/brazils-mining-revenue-jumps-34-to-r76-billion/

![Brazil mining revenue 2025](https://i0.wp.com/brazilstockguide.com/wp-content/uploads/2025/10/951773-mineradora_20.webp?fit=1024%2C613&ssl=1)

*Brazil’s mineral boom hinges on value-added processing (Image/Agência Brasil)*

**By Brazil Stock Guide –** Brazil’s mining industry recorded strong growth in the third quarter of 2025, generating **$13.5 billion** in total revenue — a 34% increase from the same period last year, according to data released Tuesday by the **Brazilian Mining Institute (Ibram)**.

The expansion was driven by a sharp rise in **iron ore** output, which accounted for 52% of the total, and a 6.2% increase in mineral exports, reaching about **121 million tons**. **Minas Gerais** and **Pará** remained the country’s top mining hubs, contributing 39% and 35% of total revenue, respectively, followed by **Bahia** with 4%.

### Export performance and trade dynamics

China continued to dominate as the main destination for Brazilian minerals, absorbing **69.3%** of exports. Import spending rose **3.3%**, reaching **$2.5 billion**, with the **United States** (20.8%), **Russia** (19.3%), **Canada** (14.3%), and **Australia** (11.4%) among the main suppliers. Demand was strongest for **potash** (57%), **coal** (24%), and **sulfur** (6%).

### Investment outlook through 2029

Ibram projects **$68.4 billion in mining investments** between 2025 and 2029, largely concentrated in iron ore projects. However, the steepest growth is expected in **rare earth elements**, where investment is set to climb **49%** compared with the 2024–2028 period.

“The rise is driven by the global demand for rare earths. Studies from the European Union and the United States point to sharply increasing projections,” said **Julio Cesar Nery Ferreira**, Ibram’s director of mining affairs. He noted that deposits have already been identified in **Minas Gerais**, **Goiás**, **Bahia**, and other states.

**Fernando Azevedo**, Ibram’s vice president, highlighted the strategic potential: “According to global geological surveys, Brazil holds the world’s second-largest reserve of rare earths. The recent creation of a congressional commission on the topic underscores its geopolitical value for Brazil.”

### Critical minerals in focus

Beyond rare earths, Brazil’s mining expansion is tied to **critical minerals** essential to the clean energy and defense sectors — including **copper**, **lithium**, **nickel**, **cobalt**, **niobium**, **zinc**, and **graphite**.

“I have no doubt that investments in critical and strategic minerals will accelerate,” said **Raul Jungmann**, Ibram’s CEO. “These materials are linked to food security, technology, and sovereignty — from fertilizers and semiconductors to special steels and aircraft manufacturing.”

Major producers such as **Vale S.A. (VALE3.SA)** and **CSN Mineração (CMIN3.SA)** are expected to benefit from the sector’s expansion and rising global demand for materials critical to the energy transition. for energy transition materials.

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Source: Brazil Stock Guide, https://brazilstockguide.com/insights/brazils-mining-revenue-jumps-34-to-r76-billion/