Derya Soysal
Critical raw materials play a crucial role in the production of low-carbon energy. This is why the EU is turning towards the use of these minerals and thus importing them from producing countries. Among other things, it is clear that the EU is seeking to find new partners producing raw minerals, among which is Kazakhstan. Moreover, at the end of 2024, in Brussels, several events, round tables, discussions, and meetings have facilitated bilateral exchanges between the EU and Kazakhstan regarding cooperation in terms of raw minerals.
Currently, Kazakhstan, as the world’s largest producer of uranium for commercial use and as a country with a positive image in the fight against nuclear weapons proliferation is experiencing remarkable economic growth and is increasingly getting closer to the European Union.
Furthermore, Kazakh Ministry of Industry and Construction has announced new projects for exploring and extracting rare and rare-earth metals, reported Kazinform. The country has signed strategic agreements with big powers such as the European Union, the United Kingdom, South Korea, Japan, and China to develop its rare and rare-earth mining and production sector. Moreover, German company HMS Bergbau AG is conducting geological exploration at the Akhmetkino lithium deposit, with an estimated investment of $8 million. The ministry of Industry and Construction in Kazakhstan estimates that the total investment could reach $500 million if reserves are confirmed according to Astana Times.