• KZT/USD = 0.00211
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00211
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00211
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00211
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00211
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00211
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00211
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00211
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
02 August 2026

Viewing results 1 - 6 of 3

Kazakhstan and South Korea to Establish Rare Metals Research Center in Almaty

Kazakhstan and South Korea are establishing a joint research and technology center in Almaty to support the development of Kazakhstan’s rare metals and critical minerals industry. The Kazakh-Korean Center for Rare and Rare Earth Metals will be established at Satbayev University in partnership with the Korea Institute of Industrial Technology and the Korea National Institute of Rare Metals. During a meeting on July 9, representatives of the three institutions discussed how the project will be carried out. They also reviewed the purchase of modern laboratory equipment and long-term scientific and technological cooperation. The center will train specialists for Kazakhstan’s growing rare metals industry and give local researchers access to modern analytical and processing equipment. It will also support joint research with international partners. “The combined scientific potential of Kazakhstan and the Republic of Korea will enable the implementation of modern technologies for processing strategic raw materials, expand scientific research, and train world-class specialists,” Satbayev University Rector Meiram Begentayev said. According to the university, the facility will become Kazakhstan’s first full-cycle scientific and technological platform dedicated to developing, testing, and commercializing environmentally friendly technologies for the production of high-purity and ultra-high-purity rare and rare earth metals. The center will also conduct fundamental and applied research and pilot new technologies for processing mineral and industrial raw materials. The initiative is part of Kazakhstan’s effort to become a major supplier of critical minerals. Demand is rising from electric vehicle makers and renewable energy companies, while semiconductor and defense industries are also increasing their need for rare metals. Speaking at the C5+1 Critical Minerals Dialogue in Astana on June 10, Minister of Industry and Construction Yersaiyn Nagaspayev described critical minerals as a strategic priority for Kazakhstan’s industrial policy and long-term economic development. He said the country has more than 9,500 mineral deposits, including over 100 containing rare and rare earth metals. Nagaspayev has previously said Kazakhstan is capable of supplying 19 of the 50 critical raw materials identified by the United States and 21 of the 34 minerals included on the European Union’s critical raw materials list, positioning the country as an increasingly important participant in global supply chains. Kazakhstan already produces strategic materials including beryllium, titanium, tantalum, niobium, rhenium, antimony, bismuth, selenium, and tellurium, both as primary metals and as components used in advanced industrial applications.

Kazakhstan’s Rare Earth Ambitions Hindered by Investment and Control Challenges

Kazakhstan holds significant reserves of rare metals and rare earth elements, sometimes referred to as the "new oil" due to their increasing importance in global industries. However, experts say the country remains far from becoming a major supplier, as geopolitical tensions and a lack of large-scale investment continue to hinder development. Global Context: Rare Earth Metals in Geopolitics U.S. President Donald Trump has called for a rare-earth deal with Ukraine, raising international public interest in these minerals. While the specifics of the deal remain unclear, Trump has estimated its potential value at a trillion dollars. Meanwhile, Russia, which holds the world’s fourth-largest rare earth reserves, has expressed interest in cooperating with the U.S. in this sector. Experts argue that large-scale mining operations in Ukraine are currently unprofitable and impractical. The rare metal sector includes 60 elements, such as lithium, titanium, beryllium, gallium, and tungsten, while rare-earth metals include 17 elements, such as scandium, yttrium, and lanthanides. Their high production costs, complex extraction process, and long payback periods have made large-scale commercial extraction difficult despite growing global demand. Is Kazakhstan a Promising Market? China remains the dominant global producer of rare earth metals, followed by Brazil, India, Australia, and Russia. Despite its extensive natural resource base in oil, gas, uranium, and non-ferrous metals, Kazakhstan has yet to prioritize rare-earth extraction. However, international interest in Kazakhstan’s deposits is growing. France, Germany, and South Korea have already initiated exploration projects in the country. Germany’s HMS Bergbau AG, in collaboration with Qazaq Lithium, is developing lithium deposits in East Kazakhstan Oblast (EKO). Meanwhile, South Korea’s KIGAM has conducted exploration at the Bakennoye lithium deposit, leading to a memorandum of cooperation. The U.S. Embassy in Kazakhstan has also announced upcoming mining and processing projects for critical materials, such as lithium and titanium, involving American companies. President Tokayev has stated that Kazakhstan’s subsoil contains 50,000 to 100,000 tons of lithium, but substantial investment in exploration and development is required. Kazakhstan already holds an 11% share of the global titanium market, rising to more than 20% in the aerospace industry. Newly identified rare earth deposits were announced by the government in early 2025, totaling 2.6 million tons, including 400,000 tons of tungsten and 500,000 tons of niobium. Calls for Stronger State Control As international interest in Kazakhstan’s resources grows, concerns about foreign control over strategic assets have intensified. Financial analyst Rasul Rysmambetov has warned that major international players, particularly from Russia, may seek to dominate Kazakhstan’s rare-earth sector. “Several large Russian companies already operate in Kazakhstan. It is crucial to ensure that control over these resources remains in the hands of the state,” he said. Rysmambetov has proposed the creation of a state agency for strategic assets or expanding the jurisdiction of existing institutions, such as the National Security Committee and the Ministry of Finance. He also suggested that sales of strategic resources should require oversight from the Security Council or Parliament. “We can expect attempts by foreign firms, particularly Russian and Chinese companies, to acquire major...

Kazakhstan’s Mining Association Proposes Reforming Mineral Extraction Tax

Aibar Dautov, head of Kazakhstan's Mining Industry Association, has called for reforms to the procedure for calculating the mineral extraction tax (MET) to boost budget revenues from oil and solid minerals. Speaking at the Astana Open Dialogue during discussions on the new tax code, Dautov noted that Kazakhstan currently employs ten different MET rates for crude oil taxation. These rates are determined based on two key factors: the price of oil at the time of sale and the annual production volume at a given field. The current tax structure is divided into the following production thresholds: 5% tax for annual production up to 250,000 tons 7% for 500,000 tons 8% for 1 million tons 9% for 2 million tons 10% for 3 million tons 11% for 4 million tons 12% for 5 million tons 13% for 7 million tons 15% for production up to 10 million tons 18% for production exceeding 10 million tons Dautov criticized this system as unfair to other sectors of the economy. “We believe the criterion of annual production volume should not exist at all. This differentiation has been in place for many years, but for some reason, it hasn’t been removed or acknowledged as a tax benefit. The Ministry of National Economy continues to support its inclusion in the new Tax Code. It’s unclear why this grading still exists—it should be eliminated and considered a relic,” Dautov stated. The complexity is even greater for solid minerals, according to Dautov, as their MET calculation currently involves 38 different tax rates for various types of minerals. The Times of Central Asia previously reported that Kazakhstan's Ministry of Industry and Construction has proposed replacing the current MET system with royalties. Under this system, taxes would be calculated based on the volume of sold products rather than the volume extracted. This change is scheduled to take effect on January 1, 2026, under new subsoil use contracts, while existing contracts will remain taxed under the current rates.