The non-ferrous metal ores mining sector in Brazil is projected to see a steady increase in its value added from 2024 to 2028, starting from 9.21 billion Brazilian Reals in 2024 and reaching 10.83 billion Brazilian Reals by 2028. This represents year-on-year growth rates of approximately 4.56% for 2025, 4.15% for 2026, 3.99% for 2027, and 3.84% for 2028. The compound annual growth rate (CAGR) over the forecast period stands at 4.1%.
Future trends to watch include:
- Global demand for non-ferrous metals, especially from emerging markets.
- Technological advancements in mining automation and sustainability practices.
- Governmental and environmental regulations affecting mining operations in Brazil.
- Fluctuations in global commodity prices impacting sector growth.