Kazakhstan and Uzbekistan Enhance Rare Earth Metals Cooperation
Kazakhstan and Uzbekistan have initiated a partnership to expand cooperation in rare earth metals, focusing on geological exploration and processing. This collaboration aims to elevate both nations' positions in the global mineral value chain.
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Kazakhstan and Uzbekistan have established a joint working group to enhance cooperation in rare earth metals, with the inaugural meeting held in Kazakhstan. The discussions, co-chaired by Iranian Sharkhan and Rustam Yusupov, emphasized bilateral efforts in geological exploration and critical minerals processing.
The agenda included technology exchange, joint ventures, and international investment mechanisms. A permanent working group will be formed with subgroups from the private sector and academia to foster a multidisciplinary approach. This initiative aligns with Uzbekistan's efforts to attract investment, highlighted by Traxys's recent $1 billion commitment for tungsten and molybdenum projects.
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