German company plans to invest $700 million in Kazakhstan’s lithium mining

One of the German companies plans to invest $700 million in lithium mining in two fields of Kazakhstan, the Ministry of Industry and Infrastructure Development reported. According to the office, this is the first German company, which will be engaged in the exploration and production of rare earth metals in the country. It should be noted that Chinese enterprises are already operating in this sector. Companies from Canada and South Korea also show great interest in domestic raw materials. New projects for the development of rare earth metals will have to be implemented according to UN standards. Kazakhstan is already discussing the corresponding possibility with the United Nations. These requirements will apply to mining projects in addition to existing domestic standards.

Web-editor: Aizhan