Kazakhstan plans to ramp up investments in the production of rare and rare earth metals, Minister of Industry and Construction Kanat Sharlapaev said during a government hour in the Majilis, as reported by infohub.kz.
"A comprehensive plan for the development of the rare and rare earth metals industry for 2024–2028 has been approved, envisaging a 40% increase in investment and production volume. The state's foreign economic ties play a key role. The ministry has secured cooperation with the European Union, the United States, and the United Kingdom," said Sharlapaev.
As concrete results, the minister noted agreements on joint development of lithium deposits (with German company HMS Bergbau, $500 million), recycling of secondary raw materials (with British company Maritime House Ltd), and rare earth and critical metals (with US company Cove Capital LLC).
"In the concept of industry development, we aim to expand the mineral base, attract modern technologies, and increase current production. Most importantly, we aim to strengthen Kazakhstan's role in the middle segment of the global value chain," added Sharlapaev.