Kazakhstan’s Growing Influence in Global Mineral Markets
Kazakhstan Positioned to Meet Global Demand for Critical Minerals
Kazakhstan is emerging as a key player in the global supply of critical minerals, essential for the energy transition and the booming electric vehicle market. According to experts from the Astana International Financial Centre (AIFC), the country boasts competitive advantages in exporting key minerals like zinc, copper, lead, silver, and aluminum. Additionally, Kazakhstan holds significant potential in promising resources such as lithium, nickel, gold, and rare-earth metals.
Currently, Kazakhstan holds a strong position in the global zinc market, commanding nearly 5% of market share with reserves ranking seventh globally. The country also has notable shares in copper, lead, and silver markets, with projections indicating growth in demand for these minerals in the coming years.
In terms of future potential, Kazakhstan’s lithium sector is expected to see significant growth, with new deposits being discovered in regions like the East Kazakhstan Region. The country’s rare-earth metals (REM) sector is also poised for expansion, with substantial reserves identified in the Mangystau Region.
To enhance its position as a key player in the global supply chain for critical minerals, Kazakhstan is actively engaging with both domestic and foreign private sector entities. The country has seen significant investment in its metal industry, including critical minerals, highlighting its commitment to meeting global demand and integrating itself into supply chains.
As Kazakhstan continues to focus on supplying essential raw materials for the energy transition and electric vehicle market, the country’s strategic approach to developing its mineral resources is set to play a crucial role in meeting rising global demand. With its competitive advantages and emerging potential in various mineral sectors, Kazakhstan is well-positioned to make a significant impact on the global critical minerals market.
