Kess Energy, Brazil respond to lithium exports rule drawing foreign investments

Brazil has relaxed export rules in an attempt to attract investments into the Brazilian lithium sector from Europe and Asian countries. Brazil recently eased lithium export rules to capitalise on the growing global demand and set itself as a global lithium supplier.

An executive order

Brazilian Mines and Energy Ministry recently issued an executive order to eliminate the need for clearance by the Science and Technology Ministry’s nuclear energy committee for lithium exports from the country.

Because of the lack of facilities for lithium processing, Brazil considers exports as the best option for its emerging lithium sector although the country is considering expanding its lithium production capabilities, primarily in the Minas Gerais region.

How will Kess Energy respond?

Kess Energy, which owns over a dozen lithium mining and processing facilities in Brazil, aims to produce 23,000 tonnes by the end of 2023.

Kess Energy CEO commented “Brazil will be in an amazing position to supply North America, Europe and Asia, where the main consumers for electric vehicles are.”

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