The Ministry of Industry and Infrastructure Development of the Republic of Kazakhstan has mandated domestic raw material producers to supply the necessary volumes of products to enterprises in the processing industry. This decision comes in response to the ongoing challenge of raw material shortages faced by Kazakh metallurgists, primarily due to exports. On average, around 87% of primary metals were shipped to other countries, exacerbating the deficit domestically. It is expected that the amendments introduced in May will alleviate this issue, ensuring that domestic industrial enterprises are adequately supplied with raw materials. Additionally, these measures aim to replenish the domestic market with finished products and enhance Kazakhstan’s export potential. By 2029, Kazakhstan intends to increase lead and aluminum processing by four and five times respectively, while copper processing is projected to increase thirteenfold by that time.
LATEST NEWS
-
Chaarat Gold Secures Major Funding for Tulkubash Mine in Kyrgyzstan
17/05/2024
-
Polish Government Backs Rolls-Royce Plan to Build Nuclear Power Plants
17/05/2024
-
Court Overturns Illegal Seizure of Solid Metals’ Property in Kazakhstan
17/05/2024
-
EBRD and Kazakhstan Collaborate to Modernize Mining Sector
17/05/2024
MOST POPULAR
-
How much gold has risen in price in Kazakhstan
-
With whom contracts for subsoil use were terminated in Kazakhstan
-
How 1C: TOIR is used in Kazakhstan to manage repairs following the example of successful KLMZ experience
-
Polymetal is studying possibility of construction of Hydrometallurgical Plant in Pavlodar, Kazakhstan