Rare earth metals (REMs) are a group of 17 elements that occur naturally in dispersed form and rarely form highly concentrated deposits. The role of these exotically named substances is extremely practical: without them, the modern economy cannot function. REMs are essential for the production of high-performance magnets, batteries, lasers, microchips, and military electronics. Each…
Bulgaria and the United States formalized a new partnership in the field of rare earth metals, following the signing of a Memorandum of Understanding between Bulgarian Energy Holding (BEH) and the University of North Dakota (UND). Prime Minister Rosen Zhelyazkov described the agreement as a milestone not only for Bulgaria’s mining sector but also for…
Four priority areas for developing the sector have been identified to implement at least three rare earth metal processing projects, Minister of Industry and Construction Yersaiyn Nagaspayev has told a Government meeting. These areas include: – Battery materials; – Recycling and production of heat-resistant alloys for jet engines; – Production of semiconductor materials; – Recycling…
Prime Minister Olzhas Bektenov has chaired a meeting to discuss the development of rare and rare earth metals sector. The meeting was held in line with the President’s directive outlined at the Cabinet’s extended session on attraction of advanced technologies and investments. President’s Aide for Economic Affairs Kanat Sharlapaev, Minister of Industry and Construction Yersayin…
Kazgeologia and Cove Capital have created a joint venture to prospect for rare-earth metals and elements in Kazakhstan. The Kazakh company will own 25% in the venture and Cove Kaz Capital Group – 75%. The latter is a part of the international investment group Cove Capital that has been investing in mining projects since 2015.…
The Kazakh Foreign Ministry notes growing interest in rare earth metals for high-tech sectors such as electronics, magnet and batteries manufacturing. “Foreign investors from Germany, South Korea, China, the US and Great Britain already offered to enhance cooperation in the field of rare earth metals. Japan, Indonesia and France seek to establish relations in this…
Kazakhstan is set to increase investment in production of rare and rare-earth metals, Minister of Industry and Construction Kanat Sharlapaev has said at the governmental hour in the Majilis. According to him, the country’s comprehensive plan of rare and rare-earth metals industry development for 2024-2028 has already been approved. Under the plan, the volume of…
President of Kazakhstan Kassym-Jomart Tokayev named the exploration and production of critical minerals a promising area of the cooperation between Kazakhstan and China. According to him, rare-earth metals became an important component for a wide range of technologies. They are needed for the achievement of net-zero emissions, including in such strategic sectors as industry, digital…