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Zhicun Lithium Group, one of China’s largest companies specializing in the full-cycle production of lithium batteries, is engaged in talks with Kazakh Invest on lithium exploration, production, and processing projects in Kazakhstan. The initiative was discussed on April 12 at a meeting between the company's Vice President, Hong Wei, and Kazakh Invest’s project director, Bauyrzhan Aitkulov. With reference to Kazakhstan’s significant geological potential for the mineral, Aitkulov advised Chinese investors of the strategic importance of developing the lithium industry. He also emphasized the potential offered by the Zhicun Lithium Group’s knowledge and experience in furthering exploration and the creation of a production plant for lithium products in Kazakhstan. As reported by Kazakh Invest, both parties are poised to engage in long-term cooperation and technology transfer to create sustainable lithium production chains necessary for the development of processing industries, including green energy.
The Korea Institute of Geology and Mineral Resources (KIGAM) has announced that it has discovered a lithium deposit in Kazakhstan following testing in 2023. According to a report by The Korea Times on March 5th, the institute plans to develop this deposit. Lithium is one of the most important minerals for the electric vehicle industry, as it is a key component in their batteries -- along with elements like nickel, manganese, cobalt, aluminum and copper. At the recent International Primary Minerals Forum in Seoul, KIGAM announced that the lithium deposit was discovered over a 1.6 square kilometer area of pegmatites in eastern Kazakhstan. It added that tantalum had previously been mined at this site. Tantalum is usually found together with lithium and cesium, so KIGAM has been exploring the area since May last year at the request of the Kazakh government. According to information provided by KIGAM, citing Kazakh forecasts, resources worth $15.7bn are buried in the area. KIGAM plans to apply for a drilling survey in the area next year with a Korean company to begin mining the lithium. The details of that Korean company weren't made public, The Korea Times reported.
