Kazakhstan Discovers 20 Million Ton Rare Earth Metals Deposit

Kazakhstan has announced the discovery of a significant rare earth metal deposit in the Karaganda region, with estimated resources exceeding 20 million tons and a depth of 300 meters. This discovery, located at the Zhana Kazakhstan site, could position Kazakhstan as a major player in the rare earth metals market, ranking just behind China and Brazil if confirmed. The deposit contains critical elements such as neodymium, cerium, lanthanum, and yttrium, with an average content of 700 grams per ton. The national mining company, Tau-Ken Samruk, plans to lead the development of the Kuirektykol site, which is expected to enhance Kazakhstan's high-tech industries and is part of a broader strategy to boost private investment in mineral exploration. However, concerns have been raised regarding the adequate oversight and management of rare earth metal resources. The government's commitment to geological surveys and partnerships with private investors is seen as essential for optimizing the development of these resources.