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NEWSLETTER OCTOBER 2025

NEWSLETTER OCTOBER 2025   10/01/2025   PLANNED TAX ON REAL ESTATE, AGRIBUSINESS CREDIT BILLS FACES PUSHBACK Bill rapporteur Carlos Zarattini says 7.5% rate could be cut to 5% or scrapped entirely   Real estate credit bills (LCI) and agribusiness credit bills (LCA), popular fixed-income securities issued by banks in Brazil, may be removed from the list […]

State-run loss machine running at full steam

Postal service’s public meltdown exposes deep losses and political mismanagement         10/31/2025  Let’s all pretend to be surprised: Brazil’s postal service, Correios, is broke—and taxpayers will bail it out. Who could have guessed? Warning signs have been flashing for the past three and a half years, ever since the same old management team […]

Codemig, CBMM renew niobium deal until 2070

New agreement replaces contract set to expire in 2032 and increases Codemig’s share in CBMM’s results     10/31/2025  The Minas Gerais Development Company (Codemig) and the Brazilian Metallurgy and Mining Company (CBMM), controlled by the Moreira Salles family, have signed a new agreement ensuring the continued extraction of niobium from the Araxá mines in Minas Gerais […]

Vale rules out mergers, focuses on growth, decarbonization

Company aims to regain iron ore lead and expand high-grade portfolio 10/31/2025 Vale is currently focusing on its own assets rather than pursuing mergers and acquisitions, said CEO Gustavo Pimenta on Tuesday (28). When asked about the possibility of a counteroffer related to the merger deal between Anglo American and Teck Resources, the executive stated that “is not on the company’s […]

U.S. expected to gain ground in Brazilian pulp exports

Shifts in China’s industry open new opportunities for Brazil in the American market       10/28/2025 Brazil’s share of the global pulp market is expected to grow by 6%, reaching 34% by 2030, according to Rabobank. The increase will be driven by new mill capacity and a shift from softwood (pine) to hardwood (eucalyptus) […]

U.S. may give Brazil 90 days to strike trade deal after tariff pause

Brazilian delegation is expected to visit Washington next week following conversation between presidents Lula and Trump       10/28/2025  If the Donald Trump administration’s approach to several other countries is any guide, a temporary suspension of existing punitive tariffs on Brazilian goods could be followed by a 90-day deadline to negotiate an agreement on reciprocal trade. The “gesture […]

Trump’s hunger for Argentine beef helps Minerva

Brazilian-owned company is largest exporter in South America and also in Argentina     10/27/2025 Minerva has slaughter capacity of 5,978 cattle head per day in Argentina — Photo: Divulgação United States President Donald Trump floated this week a plan to turn to Argentine beef in an attempt to reduce prices of the product in the […]

Brazil’s carbon market takes shape as cornerstone of industrial policy

Economist Cristina Reis, tapped to lead the new Carbon Market Secretariat, says the initiative will drive innovation and position Brazil in global value chains 10/27/2025  Brazil’s carbon market is just the beginning. “We’re setting up something deeply important and strategic for the nation,” said economist Cristina Reis, chosen to head the Extraordinary Secretariat for the Carbon Market, […]