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Edition of Friday, 6 November 2026English edition
The Geopolitician

Country risk, from the local press

Brazil · Country watch

Lula Extends Oil Tax, Rare Minerals Prioritized

Brazil extends oil export tax and prioritizes rare minerals, impacting energy and mining sectors.

The picture Stable How this is judged →

Business conditions in Brazil remain stable as the government extends the oil export tax and prioritizes rare minerals for investment. These regulatory changes impact the energy and mining sectors, while the legal decision on betting platforms affects the tech sector.

In this briefing Luiz Inácio Lula da Silva · Gecex · Ministry of Development, Industry, Commerce and Services · Policy for Critical and Strategic Minerals · Brazilian government · Tribunal Regional Federal da 3ª Região · CDA Gaming

Regulation

  • Energy

Lula extends 12% oil export tax until December

Part of: Lula's fuel subsidies and oil export tax extension →

a large structure in the middle of a body of water
Bernardo Ferrari / Unsplash

The government of Luiz Inácio Lula da Silva has extended the 12% tax on crude oil exports until December 31, 2026. This decision was made by the Gecex (Comitê-Executivo de Gestão da Câmara de Comércio Exterior), part of the Ministry of Development, Industry, Commerce, and Services, according to Folha de S.Paulo. The tax extension aims to stabilize fiscal revenues amid fluctuating global oil prices. The tax was initially set to expire, but the government decided to prolong it to ensure continued revenue from oil exports.

Impact Oil exporters face continued tax pressure, affecting revenue projections.

Sources: Folha de S.Paulo ↗, Jornal de Brasília ↗

  • Mining

Brazil prioritizes rare minerals for investment

The Brazilian government has approved a list of 27 minerals classified as critical and strategic for the country's economic and industrial development. These minerals are prioritized into three categories: high, medium, and low, as per the Policy for Critical and Strategic Minerals (PNMCE). The decision, reported by A Tarde, aims to attract investment by offering new financing mechanisms and incentives. This move is part of a broader strategy to enhance Brazil's mineral sector and secure its role in global supply chains.

Impact Mining companies gain access to new investment incentives for rare minerals.

Sources: A Tarde ↗, Extra ↗

  • Technology

Court allows three betting platforms to resume

Part of: Lula's ban on betting companies in Brazil →

The Tribunal Regional Federal da 3ª Região (TRF3) has authorized three betting platforms, Casa de Apostas, Betsul, and Jogo Online, to resume operations in Brazil. This decision challenges a measure by President Luiz Inácio Lula da Silva that prohibited fixed-odds betting. The court's ruling, effective from November 5, 2026, mandates the federal government to comply or face a daily fine of R$ 200,000, according to O Globo. The AGU plans to appeal the decision.

Impact Betting platforms regain operational capacity, impacting the tech sector.

Sources: O Globo ↗, Extra ↗, A Tarde ↗

Nothing significant reported today in Disruption · Internal tension · Safety & health · Companies · Markets · Trade · Politics.

Also today in the local press

Sources in this briefing

Sources: each headline links to the original article on the publisher's site.

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