Kazakhstan is ready to expand collaboration with South Korea in the exploration, extraction, and processing of lithium, a strategically vital resource for high-tech industries and sustainable economic development. This was stated by Nurgali Arystanov, Kazakhstan’s Ambassador to the Republic of Korea, during the Investment Dialogue on Critical Minerals between Korea and Kazakhstan, held in Seoul on February 28, according to the Kazakh Foreign Ministry.
The event, organized with the support of the Korea Institute of Geoscience and Mineral Resources (KIGAM), brought together leading Korean companies, including Hyundai Development Company, POSCO International, and LX International, as well as scholars from Seoul National University and Pusan National University.
KIGAM President Lee Pyeong-Koo encouraged Korean companies to increase investments in Kazakhstan, emphasizing the country’s significant potential in the development of critical minerals.
During the event, researchers presented findings on the Bakennoye lithium deposit in the East Kazakhstan region.
In March 2024, The Korea Times reported that KIGAM had discovered a lithium deposit in eastern Kazakhstan, in an area previously mined for tantalum. Since tantalum is often found alongside lithium and cesium, KIGAM began studying the site in May 2023 at the request of the Kazakh government. The deposit is estimated to contain resources worth $15.7 billion, according to Kazakh data cited by KIGAM.
