BNDES funds Viridis R$77.5M for rare-earth pilot production

Brazil's BNDES is disbursing R$77.5 million to Viridis under a critical minerals call with Finep, supporting pilot-scale mixed rare-earth carbonate production. This is a state-backed investment in domestic critical mineral supply chains, signaling policy momentum but with limited immediate market impact. The funding is part of the BNDES Mais Inovação program, underscoring Brazil's strategic push to reduce import dependence.