Plan includes petroleum, natural gas, copper, chrome, tungsten and rare earths.

The region has good infrastructure, an established regulatory and permitting regime and prospective geological terrain.

Congress has yet to vote on the proposed tax package and it is unclear if they will approve it.

Chinese customers are reluctant to sign up for copper supply in 2022 at the highest premium in seven years.

The London Metal Exchange is considering whether it should sometimes block traders from withdrawing inventory from its warehouses.

MINING.COM’s EV Metal Index hit a new all-time monthly high as lithium, nickel and cobalt prices continue to rise.

Most of the investment will go to its giant Minas Rio iron ore mine, located in the mineral-rich state of Minas Gerais.

The Ministro Hales mine produced 144,000 tonnes of copper in the first nine months of the year.