Kazakhstan Expands Search For Rare Earth Metals Amid Growing Global Demand
Date
12/3/2024 10:08:45 AM
(MENAFN- AzerNews)
By Alimat Aliyeva
In Kazakhstan, the search for rare earth metals, which are in
high demand on the global market, is being conducted at 12 sites,
Azernews reports, citing Report with reference
Kanat Sharlapayev, the Minister of industry and construction of the
Republic.
"There is already data on the prospects of the Kuirektykol site
in the East Kazakhstan region, where reserves are estimated at
about 800,000 tons. The projected resources at this site are 935.4
thousand tons of rare earth metals, including cerium and
lanthanides," Sharlapayev said, speaking at a government meeting on
December 3.
The exploration activities are being carried out by private
companies, particularly Cove Capital and HMS Bergbau. Subsurface
users are also actively searching for areas containing copper and
other valuable minerals.
In 2023, the total investment volume from 10 companies amounted
to about 41 billion tenge (approximately 77.7 million dollars at
the current exchange rate), enabling the study of over 25,000
square kilometers of land.
Sharlapayev also highlighted Kazakhstan's growing mineral
resource base, which includes 987 deposits of solid minerals. Over
the past 30 years, the country has seen a significant increase in
the reserves of key minerals such as iron, manganese, gold,
uranium, and oil and gas.
As demand for rare earth metals continues to rise, Kazakhstan is
positioning itself as a key player in the global supply chain. Rare
earth metals, essential for the production of technologies like
smartphones, electric vehicles, and renewable energy systems, have
become a critical part of modern industries. Kazakhstan's rich
mineral reserves provide an opportunity for the country to
strengthen its position on the world stage, especially as the
global push for green energy and technology accelerates.
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