Kazakhstan invites American companies to develop rare metal deposits

A C5+1 Dialogue meeting on critical minerals is taking place in Astana with the participation of representatives from Central Asian countries and the United States.

Minister of Industry and Construction of the Republic of Kazakhstan Yersayyn Nagaspayev noted that critical minerals are becoming the basis of the global technological transition and the new architecture of the world industry.

According to him, the Central Asian region has a significant mineral resource base, growing industrial potential, and a strategic geographical position between the world's largest markets. Kazakhstan, in turn, considers the critical minerals sector as one of the key priorities of industrial policy and long-term economic development.

“The country’s resource base includes more than 9,500 deposits, including over 100 that contain rare and rare earth metals. We invite American companies to actively participate in their exploration and extraction,” Nagaspayev said.

According to him, since 2018, investments in geological exploration have tripled, exceeding 1 billion US dollars, and leading global companies have entered the country.

Source: Kazinform