Critical Minerals - 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...

Pax Silica

Kazakhstan’s Pax Silica Accession Bodes Well for Foreign Investment

Kazakhstan’s accession to Pax Silica is more than a diplomatic ribbon-cutting. It is an investment signal. By joining an initiative supported by the United States and built around trusted supply chains for the new artificial intelligence economy, Kazakhstan has placed itself inside one of the most important emerging conversations in global industry about who will supply the minerals, energy, computing infrastructure, data centers, talent and manufacturing capacity behind the AI boom. Kazakhstan’s official readout was explicit about that ambition. Pax Silica, it said, brings partner countries together around artificial intelligence, critical minerals, semiconductors, data centers, energy infrastructure, high-tech manufacturing, research and talent development. Kazakhstan became the first country from its region to join, with Deputy Prime Minister and Minister of Artificial Intelligence and Digital Development Zhaslan Madiyev signing the accession declaration and the AI Opportunity Partnership statement in Washington on June 25. “Behind every AI solution are energy, critical minerals, computing capacity, data centers, semiconductors, engineering talent, and secure supply chains,” Madiyev said. Pax Silica is a supply-chain coalition whereby each participant brings a piece of the AI industrial base such as chips, energy, minerals, capital, cloud infrastructure, advanced manufacturing, regulatory alignment or technical talent. Reuters has described the initiative as a U.S.-led effort to secure the supply chains behind artificial intelligence, from energy and critical minerals to high-end manufacturing and AI models. Kazakhstan’s inclusion demonstrates that the country is being viewed as a potentially significant node in the physical infrastructure of the AI economy. Why Kazakhstan Fits the Pax Silica Map Kazakhstan has existing relevance in the AI supply chain as well as the capability to expand that role. That helps explain why Kazakhstan, rather than another regional state, became the first Central Asian node to plug into Pax Silica’s trusted supply-chain architecture. The U.S. International Trade Administration says Kazakhstan has substantial reserves of rare earth elements, copper, lithium, tungsten, tantalum and other materials essential for modern technologies and the energy transition. It also notes that the country’s policy focus is shifting from raw-material exports toward value-added processing and downstream production. With regard to the energy feedstock needed to power AI data centers, Kazakhstan has been the world’s leading uranium producer since 2009 and produced about 40% of global output in 2025. Nuclear energy is returning to the strategic conversation as governments and companies look for firm, low-carbon electricity. Kazakhstan also has a proven record as a resource partner for the U.S. and the West. U.S. energy majors helped build Kazakhstan’s modern oil sector, with Chevron beginning production from a $48 billion expansion of the Tengiz oilfield in 2025. In aerospace, Kazakhstan’s Ust-Kamenogorsk Titanium and Magnesium Plant supplies major global manufacturers, including Boeing and Airbus, and officials say titanium from Kazakhstan accounts for roughly one-fifth of the global aerospace titanium market. A New Layer in U.S.-Kazakhstan Alignment Pax Silica also follows a warming trend in U.S.-Kazakhstan relations under the Trump administration. Tokayev has already framed Kazakhstan as an active participant in several U.S.-backed initiatives, including the Abraham Accords, the...

Titanium

UKTMP Eyes Expanded U.S. Presence as Kazakhstan’s Titanium Champion Seeks New Markets

ASTANA — On June 11, Sylvain Gehler, Chairman of the Board of the Ust-Kamenogorsk Titanium and Magnesium Plant (UKTMP), and Assem Mamutova, the company’s CEO, spoke with The Times of Central Asia during the Astana Mining and Metallurgy Congress (AMM). He outlined their plans to strengthen the company’s international footprint, with the United States emerging as a priority market. During the meeting, Gehler highlighted UKTMP’s ambition to further solidify its position as a leading aerospace-grade titanium supplier, building on six decades of operations and what Kazakh officials describe as roughly one-fifth of the global aerospace titanium market. “The combination of Kazakhstan’s resource base, UKTMP’s decades of experience, and the increasing importance of secure supply chains creates a strong platform for future growth. We are committed to remaining a trusted partner for aerospace customers around the world,” Gehler said. UKTMP, based in eastern Kazakhstan, is among the world’s largest vertically integrated titanium producers, controlling the entire production chain from raw materials to finished products. The company’s products are used in aviation, medicine, shipbuilding, petrochemicals, and nuclear industries. Among its international partners are Boeing, Airbus, Safran, General Electric, and other leading manufacturers. [caption id="attachment_50948" align="aligncenter" width="708"] UKTMP -Titanium sponge at the end of the distillation process[/caption] Gehler emphasized that “delivering consistent, high-quality titanium products reflects our commitment to rigorous standards and positions us to meet rising demand for resilient, transparent supply chains while expanding in key markets.” The company’s long-term development plans and initiatives aim at reinforcing Kazakhstan’s standing in the global titanium industry. According to Gehler, “UKTMP’s investment program through 2033 includes 25 projects worth more than $520 million, including construction of a new titanium sponge facility that would significantly expand production capacity.” Currently, UKTMP has 30 types of titanium alloys. Titanium and its alloys combine a high melting point, high electrical resistivity, exceptional strength-to-weight ratio, corrosion resistance in air and seawater, and non-magnetic behavior. It is also lightweight—its specific gravity is approximately 56% that of steel—biologically inert, and readily formed under pressure, making titanium a versatile structural material widely used in advanced industries. United States Demand for Titanium The American aerospace and defense sectors rely heavily on titanium, while disruptions to traditional supply chains following sanctions on Russia have heightened interest in alternative suppliers. Kazakhstan has emerged as one of the countries helping fill that gap. [caption id="attachment_50961" align="aligncenter" width="1447"] Source: USGS[/caption] Industry analysts note that the United States currently lacks domestic titanium sponge production and remains dependent on imports. In 2025 through July, Japan supplied 73% of U.S. titanium sponge imports, while Kazakhstan and Saudi Arabia each supplied 13%. This strategic reliance underpins the favorable treatment the U.S. currently gives to Kazakh titanium, since heavy supply restrictions would adversely impact the U.S. aerospace and defense industries. This has not always been the case. For UKTMP, deeper access to the U.S. market represents not only a commercial opportunity but the makings of a strategic partnership. Increasing sales to American customers would further anchor Kazakhstan within Western aerospace and other supply...

EU-Kazakhstan Cooperation

Tokayev’s Brussels Visit Brings Aviation Pact, Visa Progress and $12 Billion Business Package

President Kassym-Jomart Tokayev left Brussels with a broader package than the transport announcements that opened his two-day visit on June 22-23. Kazakhstan and the European Union signed an aviation agreement, completed talks at negotiators’ level on easier short-stay visas, backed new road and mineral projects, and endorsed an Air Astana aircraft order worth €7.145 billion. Tokayev also said the business program produced commercial agreements and memoranda worth more than $12 billion. Tokayev met with European Council President António Costa and European Commission President Ursula von der Leyen on June 23. Their joint statement placed connectivity, energy security and resilient supply chains at the center of the relationship. Von der Leyen called Kazakhstan “a global gateway” and said the EU was ready to turn it into “a pathway for jobs, business opportunities and common prosperity.” Negotiators completed talks on Visa Facilitation and Readmission Agreements, opening the way for internal approval procedures. The visa agreement would simplify applications for short stays in the EU, though the agreement would not create visa-free travel and has not yet entered into force. The two sides also signed a Horizontal Aviation Agreement after negotiations lasting more than two decades. Once internal procedures are complete, any eligible EU airline will be able to operate between Kazakhstan and 17 member states that already have air service arrangements with Astana. Existing rules generally reserve those rights for airlines owned or controlled by nationals of the country concerned. EU Transport Commissioner Apostolos Tzitzikostas said the pact would bring “our people and economies closer together.” A separate agreement covered up to 50 Airbus A320neo and A321neo aircraft for Air Astana. The joint statement valued the order at €7.145 billion. That transaction formed the largest named item within the more than $12 billion in commercial agreements and memoranda announced during the visit. Tokayev presented the total as evidence of European business confidence in Kazakhstan. Transport and connectivity remained the backbone of the trip. Before the leaders met, Kazakhstan and its European partners unveiled four Middle Corridor agreements worth a combined $462 million. They included airport digitalization work with SITA, an EBRD-backed loan for the 234-kilometer Aktobe-Ulgaisyn road, a KTZ Express project at Romania's Port of Midia, and cooperation with A.P. Moller-Maersk on container traffic across the Trans-Caspian route. The leaders welcomed a European Investment Bank framework agreement of up to €150 million for Kazakh roads along the Trans-Caspian Transport Corridor. An EBRD memorandum will support an internationally accredited chemical-analytical laboratory for critical raw materials. Other documents cover intelligent transport systems, the E-Zholdary road platform and a minerals and metals center of excellence. Brussels also encouraged the EIB to open an office in Astana. These projects connect the visit to the EU's effort to build a reliable route between Central Asia and Europe through the Caspian Sea, Azerbaijan, Georgia and Türkiye. Tokayev said annual freight volumes had risen from 800,000 tons to 4.1 million tons over six years. Kazakhstan aims to raise the corridor’s capacity to 10 million tons, but ports, railways, border...

Kazakhstan-Canada Relations

Beyond Resources: Ambassador Kussainov on Kazakhstan and Canada’s Partnership in AI, Education, and Innovation

For decades, Kazakhstan and Canada built their partnership around natural resources. Today, that relationship is expanding into new territory. From artificial intelligence and innovation to education and workforce development, both countries are increasingly looking beyond traditional sectors to shape the next phase of cooperation. This trend is already reflected in economic indicators. More than 160 Canadian-linked enterprises operate in Kazakhstan, Canadian investment has exceeded U$ 6 billion since 1994, and bilateral trade reached approximately U$ 458 million in 2025. At the same time, sectors that will shape the competitiveness of both economies in the coming decades are gaining greater importance. “I believe Kazakhstan-Canada relations are entering a new and dynamic phase,” said Dauletbek Kussainov, Kazakhstan’s Ambassador to Canada, in an interview with The Times of Central Asia. According to him, changes in the global economy are creating new opportunities for cooperation between the two countries. “Canada brings world-class expertise, technology and investment, while Kazakhstan offers significant resource potential, industrial capacity, and a strategic position connecting major markets,” the ambassador said. Although mining and energy remain central to bilateral cooperation, the scope of engagement is expanding into areas linked to technology, innovation and workforce development. This shift is also visible in the practical agenda of bilateral relations. In June, Astana hosted several major events involving Canadian business representatives. The Astana Mining & Metallurgy Congress brought together representatives of around 70 companies from 15 countries, including Canada, while the seventh meeting of the Kazakhstan-Canada Business Council brought together more than 100 participants, including senior representatives of Kazakhstani government agencies, the business communities of Kazakhstan and Canada, experts and academics. “This year also marks the 30th anniversary of the Inkai joint venture, a lasting example of successful cooperation between Canadian and Kazakh partners,” Kussainov noted. Three decades after the creation of one of the most successful joint projects in the uranium sector, bilateral cooperation is gradually moving beyond the traditional resource-based partnership and expanding into new areas, from education and technology to innovation and workforce development. From Extraction to Value Creation Critical minerals remain one of the key areas of cooperation between the two countries. As Western economies seek to diversify supplies of strategic raw materials, Kazakhstan is attracting growing attention because of its mineral resources. Canada, in turn, has one of the world’s strongest areas of expertise in geological exploration, mining engineering and sustainable resource development. According to Kussainov, the greatest potential lies in three areas: geological exploration, mineral processing, and human capital development and knowledge transfer. Processing is becoming especially important. “Today, the key challenge for many resource-rich countries is not simply extracting minerals, but creating more value from them domestically,” the ambassador said. This point reflects a broader shift in Kazakhstan’s economic strategy. In recent years, the country has been placing greater emphasis on developing processing industries and localizing technological processes. In this context, Canadian expertise in engineering, metallurgy, processing technologies and industrial project management is particularly relevant. The discussion is not limited to traditional industrial competencies. “The same applies...

EU-Kazakhstan Cooperation

Tokayev Heads to Brussels as Kazakhstan and EU Seek Progress on Trade, Minerals and Transport

President Kassym-Jomart Tokayev arrived in Brussels on June 22 seeking to advance cooperation with the European Union on critical minerals, transport connectivity, investment, and visa facilitation, as Kazakhstan and the EU move from framework agreements toward implementation. Tokayev’s official visit brings him together with the European Union's two senior institutional leaders and Belgium's prime minister. Tokayev is scheduled to meet European Council President António Costa at 7 p.m. on Monday. A joint meeting with Costa and European Commission President Ursula von der Leyen is set for Tuesday. His program also includes Belgian Prime Minister Bart De Wever and a Kazakhstan-EU roundtable with senior European business executives. The announced agenda covers the enhanced partnership, bilateral ties and international issues. The business roundtable will focus on investment, trade and joint projects. Ahead of the meetings, Tokayev set out three priorities for the next phase of relations: “strengthening resilience, expanding connectivity of all kinds, and creating new opportunities for citizens.” He linked them to energy and food security, critical raw materials, the Middle Corridor, artificial intelligence, easier travel, education and research. The visit follows a year of closer ties. The EU and the five Central Asian states raised their relationship to a strategic partnership at the Samarkand summit in April 2025. Costa then visited Astana in December. Those meetings placed critical minerals, transport, energy, digital links and easier travel at the center of cooperation. A Partnership Built on the EPCA The Enhanced Partnership and Cooperation Agreement gives the relationship its legal basis. Kazakhstan and the EU signed it in 2015, and it entered into force on March 1, 2020, making Kazakhstan the first Central Asian country to conclude such an agreement with the EU. The EPCA covers 29 policy areas, including trade, investment, energy, transport, climate, research, justice, and human rights. The broad range allows both sides to pursue commercial and political work through one framework. The agreement reached its tenth anniversary in December 2025. Before his Astana visit, Costa set a clear goal for the coming years. “The next decade must be defined by implementation: stronger value chains, modernised infrastructure, deeper technological cooperation, and tangible joint projects,” Costa said. Large Volumes, Limited Diversification The EU remained Kazakhstan's main trade and investment partner in 2025. Two-way goods trade totaled €41.4 billion, down 10.7% from 2024. EU imports from Kazakhstan reached €30.8 billion, while EU exports were €10.6 billion. The mix is less balanced. Fuel and mining products accounted for 92% of Kazakh exports to the EU. Machinery, transport equipment and chemicals led European sales to Kazakhstan. That gives the Brussels business roundtable a clear economic focus. Kazakhstan wants more European capital in processing, manufacturing, infrastructure and technology, while European companies want reliable access to energy and raw materials, along with clear investment rules. “We see great opportunities to venture in energy efficiency, critical minerals, digital technologies, and transport connectivity,” Tokayev said after meeting Costa in Astana in December. Critical Minerals Move Closer to Investment The EU and Kazakhstan signed a strategic partnership on...