U.S. and Uzbekistan Sign Agreement to Enhance Access to Critical Minerals
The U.S. government signed a 'Joint Investment Framework' with Uzbekistan to improve access to critical minerals. This agreement, facilitated by the U.S. International Development Finance Corp (DFC), focuses on investments in mineral exploration, extraction, and processing. The initiative aims to strengthen strategic cooperation amid U.S. efforts to counter China's resource dominance. Uzbekistan, rich in gold, uranium, and other critical minerals, is pursuing economic reforms under President Shavkat Mirziyoyev.
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The U.S. government has signed a 'Joint Investment Framework' with Uzbekistan to enhance access to the country's critical minerals, countering China's resource dominance. The agreement, facilitated by the U.S.
International Development Finance Corp (DFC), will prioritize investments in the mineral value chain, including exploration, extraction, and processing. A new U.S.-Uzbekistan Joint Investment Holding Company is proposed for future projects.
Uzbekistan, Central Asia's second-largest economy, has significant reserves of gold, uranium, and lithium. This partnership reflects the DFC's growing role in U.S. strategic initiatives in resource-rich regions.
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