Brazil mining lobby Ibram boosts investment outlook after strong 2025

ArcelorMittal SA

03/02/2026 17:30

By Roberto Samora

SAO PAULO, Feb 3 (Reuters) - Brazilian mining industry association Ibram on Tuesday raised its five-year investment forecast for the sector by 12.5% from last year's estimate, as higher spending is expected in copper, fertilizer and critical-mineral projects.

Ibram represents companies including Vale VALE3.SA, Gerdau GGBR4.SA, ArcelorMittal MT.LU e Mosaic MOS.N.

INVESTMENT OUTLOOK

Ibram estimated investments between 2026 and 2030 to total $76.9 billion.

That is up from the $68.3 billion projected last year for the 2025-2029 period.

Critical minerals are expected to receive $21.3 billion over the period, 15.2% more than estimated for 2025-2029.

2025 RESULTS

Sector revenue reached 298.8 billion reais ($57.35 billion) in 2025, up 10.3% from 2024, Ibram said.

Exports totaled 430.67 million metric tons in 2025, a 7.1% increase, with iron ore accounting for 416.4 million tons.

($1 = 5.2099 reais)

 (Reporting by Roberto Samora; Writing by Isabel Teles; Editing by Gabriel Araujo)

 ((Isabel.Teles@thomsonreuters.com;))