Uzbekistan launches $2.6 billion rare minerals initiative
Nationwide projects aim to expand mineral processing and high-tech production
TASHKENT, Uzbekistan (MNTV) — Uzbekistan is set to invest $2.6 billion over three years to develop its rare minerals sector, targeting 28 critical metals through 76 projects designed to enhance exploration, processing, and high-tech manufacturing.
The initiative focuses on unlocking the potential of over 30 critical metals, including tungsten, molybdenum, lithium, and titanium, to modernize Uzbekistan’s mineral processing industry and reduce reliance on raw material exports.
Despite substantial reserves, the country has historically lagged in advanced mineral exploration and value-added production.
The Ministry of Mining and Geology outlined plans to expand geological research and adopt modern extraction technologies to boost mineral purity and create advanced industrial materials.
Currently, 18 projects are already underway to increase processing capacity and integrate the supply chain from raw extraction to high-tech products.
To support this effort, technology parks will be established in Tashkent and Samarkand, regions known for their molybdenum and tungsten reserves.
These hubs will focus on scientific research, innovative processing methods, and industrial manufacturing, aiming to strengthen Uzbekistan’s position in the global market for critical metals.
President Shavkat Mirziyoyev has emphasized the importance of technology transfers, modern laboratories, and specialized training centers to create a skilled workforce for the sector.
These measures aim to ensure Uzbekistan’s competitiveness in the rapidly evolving field of critical minerals.
“In the era of the fourth industrial revolution, Uzbekistan must build a strong foundation to secure a competitive position in the global market for critical minerals,” Mirziyoyev stated.
The rare minerals initiative is part of a broader strategy to diversify Uzbekistan’s economy by reducing its dependence on raw commodity exports.
By focusing on value-added industries, the government aims to meet the growing global demand for critical metals essential to modern technologies, from electronics to renewable energy.
With these developments, Uzbekistan is positioning itself as a key player in the global critical minerals market, paving the way for sustainable economic growth and industrial modernization.
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