Kazakhstan is positioning itself as a key player in the global competition for critical materials, particularly rare earth metals, which are essential for high-tech industries. President Kassym-Jomart Tokayev highlighted the country’s significant resource and production potential during a recent Security Council meeting, as reported by Exclusive.kz. He emphasized that Kazakhstan must leverage its advantages in Central Asia to benefit the nation amidst rising global competition for access to these vital resources.
Tokayev noted that the current global landscape presents unique opportunities for countries with substantial reserves of critical materials. He underscored the strategic importance of these resources for the development of high-tech sectors and acknowledged the intensifying competition among nations for access to them.
In light of this, Kazakhstan is urged not only to focus on raw material extraction but also to enhance its competencies in processing and developing high-value production chains. The meeting included presentations from government members regarding the current state of the industry, prospects for resource base development, and existing barriers to progress.
Following the discussions, the government and relevant state bodies were tasked with creating a comprehensive vision for the industry’s development. This includes improving regulations, boosting geological exploration and processing, integrating technogenic mineral formations into the economic turnover, and developing laboratory and human resources. Additionally, efforts will be made to eliminate administrative barriers that hinder progress in this critical sector.
