Brazil cuts red tape to boost lithium industry

The move would attract investment in lithium. The Vale do Jequitinhonha region in Minas Gerais state, where most of Brazil's lithium reserves are located, could receive R$15 billion (US$2.76 billion) in lithium investment by 2030.

RIO DE JANEIRO, BRAZIL - According to a decree published Wednesday (6), prior authorization is no longer required for the import and export of lithium in Brazil.

Previously, such operations required approval from government agencies such as the Nuclear Energy Commission.

"This measure is part of the government's efforts to reduce bureaucracy in the mining sector and improve the business climate," said Pedro Paulo Dias Mesquita, secretary of geology, mining, and mineral transformation, to local media . . .

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