AMM 2026 - The Times Of Central Asia

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U.S.-Kazakhstan Relations

U.S. Business Push in Central Asia Moves From Dialogue to Deals

The pace of U.S. commercial engagement in Central Asia has quickened in recent weeks, with business delegations, export-finance officials, and sector-specific agreements appearing across the region. In June, a U.S. business delegation discussed investment opportunities in Turkmenistan, while Assistant Secretary of Commerce and Director General of the U.S. and Foreign Commercial Service David L. Fogel used the Astana Mining and Metallurgy Congress to press for practical cooperation in critical minerals. That same month, the Tashkent International Investment Forum drew John Jovanovic, president and chairman of the Export-Import Bank of the United States, and Ben Black, chief executive officer of the U.S. International Development Finance Corporation. Kazakhstan and U.S. companies signed artificial intelligence agreements worth $10 billion, Uzbekistan agreed to reduce tariffs on a range of U.S. goods, and Kyrgyzstan’s Civil Aviation Agency held talks with U.S. Ambassador Leslie Viguerie on aviation cooperation. Taken together, these moves suggest a change in tone. Washington’s regional agenda is increasingly being expressed through commercial missions, project finance, technology partnerships, and trade mechanisms rather than broad diplomatic declarations. The shift from diplomacy to deals is becoming visible in several capitals at once. [caption id="attachment_51210" align="aligncenter" width="1280"] Image: The Republic of Kazakhstan – the United States of America roundtable[/caption] Against that background, a roundtable titled “The Republic of Kazakhstan - the United States of America” was held in Astana on June 30. It was organized by Atameken National Chamber of Entrepreneurs, the U.S. Chamber of Commerce, and the Chamber of Commerce of Kazakhstan. The U.S. delegation was led by Khush Choksy, senior vice president for international member relations at the U.S. Chamber of Commerce, who oversees programs in the Middle East, Türkiye, and Central Asia. The Kazakh delegation was led by Ambassador Yerzhan Kazykhan, Kazakhstan’s presidential representative for negotiations with the United States. For Choksy, the visit continued a longer push by the U.S. Chamber. He visited Kazakhstan in 2023 and 2025, and has repeatedly described the country as a strong platform for American business. Yet trade remains modest compared with the political ambition attached to the relationship. According to Kazakh government data, bilateral trade between Kazakhstan and the U.S. reached $3.19 billion in 2025, while USTR estimates U.S. goods trade with Kazakhstan at $5 billion. U.S. goods trade with Uzbekistan, the region’s most populous country, was just over $1 billion in 2025. The figures underline the gap between strategic interest and commercial scale. The reasons for this are not limited to distance. Disrupted logistics, sanctions risks linked to Russia’s war in Ukraine, and instability in parts of the Middle East have complicated long-distance trade. The Jackson-Vanik amendment, adopted in 1974, also remains formally applicable to Kazakhstan despite repeated efforts in Washington to repeal it and grant the country permanent normal trade relations status. The Astana roundtable brought together government agencies, companies, international corporations, financial institutions, and policy experts. Participants discussed investment cooperation, energy, digital transformation, infrastructure, innovation, transport, and logistics. B2B meetings were also held, along with meetings between U.S. companies and Kazakh ministries and...

AMM 2026

U.S. Investors Show Growing Interest in Kazakhstan’s Mining Sector

U.S. investors are showing growing interest in Kazakhstan’s critical minerals sector, with attention increasingly focused not only on extraction but also on processing, metallurgy and broader supply-chain development, according to Nicole Rodgers, president of the U.S.-based Alliance for Mineral Security, an industry group representing companies involved in mining, processing and the use of strategic minerals. Rodgers spoke during the panel session “Investment Climate in Mining and Metallurgy” at the Astana Mining & Metallurgy Congress, AMM 2026, where she emphasized that predictability and regulatory consistency are among the most important conditions for attracting global capital. “In our view, Kazakhstan is moving in the right direction, including by harmonizing regulations with international standards, developing early-stage geological exploration, building industrial clusters and moving toward more sophisticated investment structures,” Rodgers said. “At the same time, American investors are interested not only in extraction, but in participating across the entire value chain.” She pointed to an agreement between U.S.-based Cove Capital and Kazakhstan’s national mining company Tau-Ken Samruk on the joint development of the Severny Katpar and Verkhne Kairakty tungsten deposits in the Karaganda region of central Kazakhstan. Under the deal, the investment package includes plans to build two processing plants and a metallurgical facility, with a total projected value of $1.1 billion. Interest from Washington has also been reinforced at the political level. Speaking at the C5+1 Critical Minerals Dialogue in June, U.S. Special Envoy for South and Central Asia Sergio Gor said Washington intended to play an active role in developing Central Asia’s mining sectors. “Interest in Kazakhstan from American investors is high, but for that interest to materialize in practice, infrastructure, energy capacity and skilled personnel are critical,” Rodgers added. While foreign interest is rising, industry representatives said Kazakhstan’s ability to convert that interest into long-term investment will depend on the consistency of its legal and regulatory framework. Nikolai Radostovets, executive director of the Republican Association of Mining and Metallurgical Enterprises, said amendments to Kazakhstan’s Subsoil Code, adopted in 2018, should now be aligned with changes in environmental, water and land legislation introduced in recent years. Ruslan Baimishev, president of the Kazakhstan Mining Chamber, also highlighted the importance of legislative stability, particularly in tax policy, saying investors require consistency in government decisions. World Bank Senior Mining Specialist Remy Pelon said many countries are reforming their mining sectors to meet growing demand for minerals needed for the global energy transition. At the same time, Pelon warned against overcorrection. “Governments must create conditions for the efficient use of mineral resources in the interests of national development, but it is equally important to preserve a balance between industrial policy, openness to new market players and competitiveness,” he said. “That balance is especially important for countries aiming not only to extract raw materials, but also to develop processing, local manufacturing and technological expertise.” Kazakh officials used the forum to underscore recent legal measures designed to improve investor protections. Arman Khassenov, deputy chairman of the Committee for the Protection of Investors’ Rights under the Prosecutor General’s Office,...

AMM 2026

Ambassador Kazykhan Calls for U.S.–Kazakhstan Critical Minerals Projects at AMM Congress

ASTANA — Ambassador Yerzhan Kazykhan, Kazakhstan’s presidential representative for negotiations with the United States, delivered the opening remarks at the U.S.–Kazakhstan Country Roundtable during the Astana Mining & Metallurgy Congress on June 11, calling for expanding bilateral ties to be turned into practical critical minerals projects. The roundtable brought together U.S. officials, American businesses, and Kazakh counterparts to discuss practical measures for advancing projects in the critical minerals sector. His remarks focused on turning the U.S.–Kazakhstan minerals agenda into projects, investment, offtake agreements, processing capacity, and more resilient supply chains. Kazykhan placed the discussion within President Kassym-Jomart Tokayev’s broader effort to deepen the U.S.–Kazakhstan relationship around energy, supply-chain security, investment, and critical minerals. According to the transcript of his remarks, he referred to the November 6 meeting between Tokayev and U.S. President Donald J. Trump, saying the two leaders had met “to unlock the substantial potential” of what the U.S. State Department had called “A New Era” in bilateral relations. “The strategic understanding reached by our leaders was fully aligned with the national interests of both countries,” Kazykhan said. He said that understanding included support for energy security, supply-chain resilience, and a “shared commitment to strengthening cooperation in energy, rare earths, and other critical minerals.” He argued that the agenda had already moved beyond diplomacy. “You can see these priorities are not abstract,” Kazykhan said. “They are being advanced through concrete partnerships that strengthen industrial capacity, accelerate technological development, and support emerging fields such as artificial intelligence.” Kazykhan presented Kazakhstan as a strategic partner for Washington at a time when the United States and its allies are seeking alternatives to concentrated supply chains for minerals used in defense, energy, advanced manufacturing, and emerging technologies. “Kazakhstan is uniquely positioned to serve as a strategic partner for the United States, one that can offer increased resilience and enhanced competitiveness,” Kazykhan said. He described Kazakhstan as “a reliable and substantial supplier” and “a Middle Power with regional influence, a diversified industrial base, and one of the world’s top 50 economies.” He also pointed to Kazakhstan’s mineral base, saying the country holds top-ten reserves of tungsten, molybdenum, tantalum, nickel, cobalt, and lithium, along with deposits of other critical elements. Kazakhstan is also the world’s largest uranium producer, accounting for about 40% of global output and more than 20% of U.S. natural uranium imports, he said. But Kazykhan’s central argument was that Kazakhstan should not be viewed only as a source of raw materials. He said durable supply-chain security requires processing, refining, and integration into higher-value industrial stages. “Mining alone is not enough,” he said. “True supply-chain security requires processing, refining, and downstream integration.” He added that Kazakhstan “is not a greenfield jurisdiction,” citing its industrial workforce, established producers, export record, and institutional capacity for long-duration resource projects. Kazykhan also linked the minerals agenda to transport and logistics. He said Kazakhstan has been strengthening access to the Caspian Sea and expanding connectivity through the Trans-Caspian and broader East-West corridors, giving it routes to deliver materials...

AMM 2026

Kazakhstan Seeks More Than Extraction as U.S. Minerals Interest Grows

Kazakhstan is using renewed U.S. interest in critical minerals to push a larger industrial goal: moving beyond raw-material exports and into processing, technology transfer, and higher-value manufacturing. That ambition was on display in Astana this week across two closely linked but distinct events. The C5+1 Critical Minerals Dialogue, held on June 10, brought together representatives of the five Central Asian states and the United States for a diplomatic discussion on supply-chain cooperation. The following day, the 16th International Mining and Metallurgy Congress and Exhibition, Astana Mining & Metallurgy (AMM) 2026 opened as an industry forum for mining companies, investors, technology providers, and government officials. The proximity was deliberate; the purposes were different. For Kazakhstan, the issue is not only foreign demand. It wants critical minerals to support a wider industrial strategy, including domestic processing, engineering capacity, and new manufacturing clusters. June 10: The C5+1 Diplomatic Track The C5+1 dialogue brought together representatives of Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, Uzbekistan, and the United States. Its agenda covered geological exploration, surveying and mapping, mining and processing, logistics, and global value and supply chains. Kazakhstan’s Minister of Industry and Construction, Yersayin Nagaspayev, used the dialogue to present critical minerals as part of the country’s industrial policy rather than simply as an export opportunity. U.S. Special Envoy for South and Central Asian Affairs Sergio Gor represented Washington at the meeting. “Kazakhstan is interested not only in exporting raw materials, but also in developing joint production facilities, technology transfer, workforce training, and scientific cooperation,” Nagaspayev said. That point is central to Astana’s pitch. Kazakhstan has long been a major mining state, but the government is increasingly presenting critical minerals as a way to change the structure of the economy. Nagaspayev said the country has more than 9,500 mineral deposits, including more than 100 that contain rare and rare-earth metals. Kazakhstan holds significant deposits of tungsten and molybdenum and has the potential to establish a domestic raw-material base for tantalum and niobium production. It also has reserves of lithium and beryllium, which are important for advanced manufacturing, electronics, aerospace, energy storage, and defense-related industries. Kazakhstan has proven reserves or active production of roughly half of the 54 minerals identified as critical by the United States, according to Al-Farabi Ydyryshev, director general of the National Center for Technological Forecasting under the Industrial Committee. Ydyryshev said Kazakhstan already has extraction and processing capacity for materials used in aerospace, electronics, energy, and defense industries, including beryllium, tantalum, niobium, titanium, and rhenium. The question is whether those capabilities can be expanded into higher-value production. Washington’s interest in Central Asia has grown as critical minerals have become a larger part of economic security policy. China remains dominant in the production and processing of many minerals needed for batteries, semiconductors, renewable energy, digital infrastructure, and advanced defense systems. Speaking at the June 10 meeting, Gor linked the minerals agenda to the need for diversification. “Our economic security depends on our ability to diversify our access to critical minerals,” Gor said. “Ensuring reliable access...

AMM 2026

U.S. Moves from Dialogue to Action on Critical Minerals in Kazakhstan

ASTANA — David L. Fogel, Assistant Secretary of Commerce and Director General of the United States and Foreign Commercial Service, told delegates at the 16th International Astana Mining & Metallurgy (AMM) Congress in Astana on June 11-12 that the United States is moving from discussion to strategic execution in Central Asia’s critical minerals sector. Fogel’s responsibilities at Commerce include leading the International Trade Administration’s Global Markets unit, which focuses on commercial diplomacy, export promotion, advocacy for U.S. companies, and foreign investment. Speaking in Astana, where the AMM Congress gathered top-level mining, metallurgy, technology, finance, and government leaders, Fogel said the United States had brought a historically large delegation to Kazakhstan, including more than 20 U.S. companies and representatives from across the U.S. government. The AMM Congress is one of the region’s major mining and metallurgy platforms. Fogel framed the visit as part of a broader U.S. strategic push to strengthen supply-chain resilience at a time of heightened global competition over minerals essential to energy, infrastructure, advanced manufacturing, and emerging technologies. Critical minerals, he said, are now among the top priorities for the United States, not only in terms of sourcing, but also processing. That emphasis is consistent with the Trump administration’s wider policy focus on processed critical minerals and derivative products as issues tied to economic security, national security, and America’s industrial base. Fogel placed the visit within the Trump administration’s broader effort to give Central Asia greater strategic attention, particularly as critical minerals, connectivity, and supply-chain resilience move higher on Washington’s agenda. He said the current push reflects sustained engagement from senior U.S. officials, including Ambassador Sergio Gor, U.S. Special Envoy for South and Central Asian Affairs, and is being carried forward in country by the U.S. team in Kazakhstan under U.S. Ambassador Julie Stufft. Fogel emphasized execution, saying talks related to the C5+1 Critical Minerals Dialogue the day before focused on turning a shared vision for cooperation into practical outcomes. “How do we take this vision of cooperation and put it into actionable projects?” he asked. According to Fogel, the objective is to turn plans into tangible ventures that can attract capital, technology, and long-term business participation. Fogel’s point was that the United States is looking for projects that strengthen critical minerals supply chains while building strategic relationships, rather than organizing endless rounds of declarations that lead nowhere. He presented the process as a disciplined commercial and strategic effort of identifying the right opportunities, minimizing risk for companies weighing where to direct their resources, applying consistent international standards, and creating conditions in which American companies can compete. [caption id="attachment_50309" align="aligncenter" width="1774"] Image: TCA[/caption] The practical implication of Fogel’s remarks was that enthusiasm for mineral resources alone is not enough to draw major long-term investment. Companies need reliable mapping, credible surveys, and consistent international standards that allow projects to be assessed and financed. In that sense, geological data and standards are not technical details, but the bridge between mineral potential and bankable projects backed up by solid in-country partners....

AMM 2026

Kazakhstan Stakes Claim as Critical Minerals Processing Hub at AMM 2026

ASTANA — Kazakhstan used the opening of the Astana Mining & Metallurgy Congress 2026 to place its mining and metals sector at the center of a new industrial strategy built around critical minerals, processing, technology, and long-term foreign investment. Addressing more than 1,500 participants from 16 countries, Prime Minister Olzhas Bektenov said Kazakhstan’s economy grew by 6.5% in 2025, while gross domestic product exceeded $300 billion for the first time. He tied that performance to President Kassym-Jomart Tokayev’s course toward a modern economy based on technology, investment, industrial development, and human capital. For international investors, the speech presented Kazakhstan as a resource economy entering its next stage, not as a new market waiting to be discovered. Bektenov emphasized that major projects in subsoil use, metallurgy, and downstream processing require large capital commitments, long investment cycles, strong institutions, predictable regulation, and business confidence. “The world is entering a new industrial era in which the development of energy systems, digital economy, AI, electric vehicles, microelectronics, and aerospace industry depends directly on reliable access to metals and mineral resources,” Bektenov said. He described critical minerals as “the defining resources of the new industrial era,” placing Kazakhstan’s mineral base within the wider competition for inputs used in batteries, semiconductors, energy systems, electric vehicles, microelectronics, aerospace, AI, and the digital economy. Bektenov said Kazakhstan possesses substantial mineral resource potential and ranks among global leaders in reserves of a wide range of minerals. Products from the country’s mining and metals sector, he said, are already in demand across major world markets. He argued that Kazakhstan is not starting from scratch. It has resources, operating mines, metallurgical capacity, export experience, and a government policy aimed at moving more of the value chain inside the country. The most commercially significant announcement concerned exploration. Bektenov said Kazakhstan is implementing a large-scale geological exploration program, with detailed geological mapping expected to exceed two million square kilometers. At Tokayev’s instruction, the state alone plans to invest approximately $470 million in geological exploration between 2026 and 2028, an amount Bektenov described as comparable to total public spending on exploration over the previous two decades. That spending is designed to strengthen the project pipeline and reduce early-stage uncertainty for investors. For mining companies, drilling firms, geological service providers, laboratory operators, equipment suppliers, and data companies, the expansion of geological coverage could create new entry points into Kazakhstan’s mineral sector. Bektenov also pointed to digitalization as part of the government’s effort to modernize the sector. Kazakhstan has established a Unified Subsoil Use Platform that provides 22 public services, supports the issuance of licenses, and monitors the obligations of subsoil users. More than 4.6 million units of primary geological data have been digitized, including materials previously stored on paper, magnetic tapes, and photographic records. The next step, he said, is the integration of artificial intelligence into geological exploration, data analysis, and production management. Bektenov framed this as a shift in the operating model of Kazakhstan’s mining industry, rather than a simple increase in extraction volumes....