In 2023, the turnover of the Non-Ferrous Metal Ores Mining Sector in Brazil stood at an actual value below the forecasted 17.0 billion Brazilian Reals for 2024. Over the forecast period from 2024 to 2028, the sector is expected to experience a steady growth trajectory. The year-on-year growth rates indicate a consistent increase in turnover, with notable annual variations from 2024 through 2028, peaking at 3.41% by 2028 compared to the previous year. The compound annual growth rate (CAGR) over this five-year forecast period averages at around 3.68% per year.

Future trends to watch for include:

Fluctuating global demand for non-ferrous metals, particularly from major importers like China.
Technological advancements in mining operations affecting production efficiency.
Impact of regulatory changes and environmental policies in Brazil affecting mining activities.
Currency exchange rate fluctuations affecting international trade competitiveness.
Strategic investments in infrastructure to improve logistics and reduce operational costs.