Kazakhstan is intensifying its search for rare earth metals, which are in high demand on the global market. Currently, geological exploration is underway at 12 sites across the country.
Minister of Industry and Construction Kanat Sharlapayev shared the latest developments, highlighting the promising potential of the Kuirektikol site in the East Kazakhstan region. Estimated reserves at this site amount to approximately 800,000 tons, with projected resources reaching 935,400 tons of rare earth metals, including cerium and lanthanoids.
The exploration efforts are led by private companies such as Cove Capital and HMS Bergbau. Alongside other subsoil users, these companies are also actively prospecting for copper and other valuable minerals.
In 2023, investments by 10 companies reached approximately 41 billion tenge (around $77.7 million), enabling the exploration of over 25,000 square kilometers of land.
Kazakhstan's mineral resource base continues to expand, with 987 deposits of solid minerals currently identified across the country. Over the past 30 years, reserves of key minerals such as iron, manganese, gold, uranium, oil, and gas have grown significantly.
As global demand for rare earth metals rises, driven by industries such as electronics, electric vehicles, and renewable energy, Kazakhstan is positioning itself as a vital player in the global supply chain.
With its vast mineral wealth, the country is well-positioned to capitalize on the growing demand for these essential materials, playing a key role in advancing global green energy and technology sectors.
Minister of Industry and Construction Kanat Sharlapayev shared the latest developments, highlighting the promising potential of the Kuirektikol site in the East Kazakhstan region. Estimated reserves at this site amount to approximately 800,000 tons, with projected resources reaching 935,400 tons of rare earth metals, including cerium and lanthanoids.
The exploration efforts are led by private companies such as Cove Capital and HMS Bergbau. Alongside other subsoil users, these companies are also actively prospecting for copper and other valuable minerals.
In 2023, investments by 10 companies reached approximately 41 billion tenge (around $77.7 million), enabling the exploration of over 25,000 square kilometers of land.
Kazakhstan's mineral resource base continues to expand, with 987 deposits of solid minerals currently identified across the country. Over the past 30 years, reserves of key minerals such as iron, manganese, gold, uranium, oil, and gas have grown significantly.
As global demand for rare earth metals rises, driven by industries such as electronics, electric vehicles, and renewable energy, Kazakhstan is positioning itself as a vital player in the global supply chain.
With its vast mineral wealth, the country is well-positioned to capitalize on the growing demand for these essential materials, playing a key role in advancing global green energy and technology sectors.