Kazakhstan To Effect Number Of Projects In Non-Ferrous Metallurgy In 2024

2024-04-12 01:07:52

(MENAFN- Trend News Agency) ASTANA, Kazakhstan, April 12. Eight projectsworth 169 billion tenge (about $378 million) are expected to beimplemented in the field of non-ferrous metallurgy in Kazakhstan in2024, Trend reports.

According to the Directorate for Monitoring and Analysis ofProject Implementation at QazIndustry, projects include theproduction of aluminum radiators, copper cathodes, doré alloys, andother products.

Production volumes after all eight projects reach their designcapacity will amount to about 136 billion tenge (about $304million), including 71 billion tenge (about $158 million) worth ofproducts planned for export.

As QazIndustry noted, in total, 49 projects (including eight for2024) worth 1.8 trillion tenge (about $4 billion) are at theimplementation stage in non-ferrous metallurgy. The start ofproduction will provide jobs for more than 11,000 citizens, of whomabout 7,400 are residents of rural areas and 377 are fromsingle-industry towns.

The planned production volume when all 49 projects reach theirdesign capacity will be about 2.3 trillion tenge. At the same time,the volume of exports in monetary terms will amount to more thanhalf-1.4 trillion tenge.

After all 49 projects reach their design capacity, the plannedproduction volume will be about 2.3 trillion tenge (about $5.1billion). At the same time, the volume of exports in monetary termswill amount to more than half-1.4 trillion tenge (about $3.1billion).

The largest number of ongoing projects are in the Karagandaregion and the city of Shymkent.

Notably, last year, five projects worth 26.8 billion tenge(about $60 million) were implemented in non-ferrous metallurgy, and835 jobs were created.

Non-ferrous metallurgy is one of the largest and leading sectorsof Kazakhstan's industry. Its development is facilitated by asufficient amount of its own raw material base with reserves ofnon-ferrous metal ores: copper, zinc, nickel, lead, aluminum, gold,and silver.

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