(MENAFN- Trend News Agency) TASHKENT, Uzbekistan, May 6. Uzbekistan plansto implement promising projects worth $500 million on rare earthmetals with the participation of foreign experts and investors,Trend reports.
This issue was reviewed at a meeting held by the President ofUzbekistan, Shavkat Mirziyoyev, to discuss tasks in the spheres ofgeology and metallurgical industry.
During the meeting, the president noted that the country needsto develop this area with a scientific approach, to organize aproject office for this purpose, and to attract leading institutesand scientific centers.
He emphasized the necessity to expand the development ofexisting deposits and explore new deposits of critical rawmaterials.
The president of Uzbekistan mentioned that six types of such rawmaterials are obtained in Uzbekistan. At the same time, there is anopportunity to obtain products with high added value from platinum,indium, and vanadium metals, as well as minerals containingtungsten, molybdenum, rhenium, zinc, and manganese. For thispurpose, the country's previously non-existent powder metallurgycan organize $300 million worth of output and $100 million a yearin equipment and components.
Meanwhile, the volume of the metallurgical industry's productionin Uzbekistan amounted to 32.6 trillion soums ($2.5 billion) fromJanuary through March 2024.
At the same time, the volume of other non-metallic mineralproducts reached 5.6 trillion soums ($441.2 million) during thisperiod.
MENAFN06052024000187011040ID1108176317
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.