In 2023, experts from the Korea Institute of Geoscience and Mineral Resources (KIGAM) announced their discovery of a new lithium deposit in Kazakhstan. The information about the unnamed deposit was published by the “Kursiv” newspaper, citing the Korea Times.
The discovery of the deposit occurred as a result of geological studies on an area of 1.6 km² in Eastern Kazakhstan. Foreign investors have already shown interest in developing this deposit.
KIGAM experts estimated the potential resources of the new deposit at $15.7 billion, although the exact amount of lithium found in the ground has not been disclosed. According to estimates, the deposit contains high concentrations of lithium up to 5.3%, making it potentially profitable.
According to previous data, German companies have actively invested in lithium mining in Kazakhstan. Three major enterprises, including GP Gunter Papenburg AG, Knauf Gruppe, and Roxtec, have formed a consortium to develop production of this strategically important metal in the republic.
