Kazakhstan produces and processes 16 types of critical raw materials for the EU

Photo: MIIR RK

Vice Minister of Industry and Infrastructure Development of the Republic of Kazakhstan Sharhan met with the President of the Confederation of Industrialists of the Republic of Lithuania and Chairman of the Board of JSC Global BOD Group Vidmantas Yanulevichius, the business information center Kapital.kz reports with reference to the press service of the MIIR.

The parties discussed the prospects for bilateral cooperation in the field of subsoil use, non-ferrous metallurgy and transport.

“Today, cooperation has been established with the Republic of Lithuania in a wide range of areas in the field of transport, aviation, and infrastructure development. Kazakhstan intends to become a reliable partner for the EU in the development of value chains for critical raw materials. At the same time, our approach implies “resources in exchange for investments and technologies,” Iranian Vice Minister Sharkhan said.
Particular attention was paid to investment in the extraction of critical materials. It should be noted that of the 30 types of critical raw materials needed for the EU countries, 16 are produced and processed in Kazakhstan, which are mainly exported to the USA, China, South Korea, the EU countries, the Russian Federation, the UK, etc.

Speaking about cooperation in the field of transport, it should be noted that for 9 months of 2022, the volume of cargo transportation by road between our countries increased by 11% and amounted to 162.9 thousand tons.

“In order to develop cooperation in the field of transport between our countries, a Kazakh-Lithuanian working group on cooperation in the field of transport has been established, which covers a wide range of issues in the field of rail, road, air transport and container transportation. In case of an invitation from the Lithuanian side to the next meeting of the working group, we are ready to take part,” Iranian Vice Minister of Industry and Infrastructure Development Sharkhan assured.

At the end of the meeting, the parties expressed their gratitude for the business conversation and stressed the importance of further development of relations between Kazakhstan and Lithuania.

Source and Credit: kapital.kz

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