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Trump Reveals Major Central Asia Rare-Earth Agreements
(MENAFN) US President Donald Trump has unveiled a sweeping collection of trade and investment pacts centered on rare-earth minerals with Central Asian leaders, as Washington pursues expanded influence in the resource-abundant region while navigating fractured commercial ties with China.
The agreements materialized following Thursday's White House summit between Trump and the presidents of Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan.
The gathering prioritized critical minerals, energy collaboration, and trade diversification, with Trump highlighting that Central Asia is "an extremely wealthy region" with enormous reserves of uranium, copper, gold, and rare earth elements. He declared his administration is forging fresh partnerships to diversify supply chains and bolster US access to critical minerals.
The session yielded multiple commercial and resource arrangements, including $17.2 billion in new contracts between Kazakhstan and US corporations, plus a $1.1 billion agreement with Astana to exploit one of the planet's largest undeveloped tungsten deposits. Tajikistan, Kazakhstan, and Uzbekistan also committed to acquiring 37 Boeing aircraft. Trump further revealed that Uzbekistan intends to invest exceeding $100 billion throughout the coming decade in US sectors including aviation, automotive components, and critical minerals.
The summit arrives one week after Trump met Chinese President Xi Jinping in South Korea attempting to resolve the persistent "trade war" between Washington and Beijing. Following that encounter, China consented to suspend new export controls on rare-earth minerals for one year, while the US delayed proposals to impose 100% tariffs on Chinese goods.
Nevertheless, Washington has subsequently accelerated efforts to secure alternative sources of strategic materials, as Beijing currently dominates approximately 90% of global rare-earth processing. Beyond China's Central Asian neighbors, the US has recently finalized rare-earth mineral agreements with Japan and Ukraine.
The agreements materialized following Thursday's White House summit between Trump and the presidents of Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan.
The gathering prioritized critical minerals, energy collaboration, and trade diversification, with Trump highlighting that Central Asia is "an extremely wealthy region" with enormous reserves of uranium, copper, gold, and rare earth elements. He declared his administration is forging fresh partnerships to diversify supply chains and bolster US access to critical minerals.
The session yielded multiple commercial and resource arrangements, including $17.2 billion in new contracts between Kazakhstan and US corporations, plus a $1.1 billion agreement with Astana to exploit one of the planet's largest undeveloped tungsten deposits. Tajikistan, Kazakhstan, and Uzbekistan also committed to acquiring 37 Boeing aircraft. Trump further revealed that Uzbekistan intends to invest exceeding $100 billion throughout the coming decade in US sectors including aviation, automotive components, and critical minerals.
The summit arrives one week after Trump met Chinese President Xi Jinping in South Korea attempting to resolve the persistent "trade war" between Washington and Beijing. Following that encounter, China consented to suspend new export controls on rare-earth minerals for one year, while the US delayed proposals to impose 100% tariffs on Chinese goods.
Nevertheless, Washington has subsequently accelerated efforts to secure alternative sources of strategic materials, as Beijing currently dominates approximately 90% of global rare-earth processing. Beyond China's Central Asian neighbors, the US has recently finalized rare-earth mineral agreements with Japan and Ukraine.
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