Uzbekistan to Invest $2.6 Billion in Rare Metals Programs
Uzbekistan is set to invest 2.6 billion U.S. dollars in extracting and processing rare metals through 76 projects covering 28 minerals over three years. This initiative aims to improve raw material extraction and create high value-added products, supported by additional funding for exploration and research.
Uzbekistan has announced an ambitious plan to invest 2.6 billion U.S. dollars in projects focused on the extraction and processing of rare metals. According to the presidential press service, President Shavkat Mirziyoyev reviewed a comprehensive presentation concerning the expansion of the raw material base for critical minerals essential for industry and high value-added products.
The implementation strategy includes 76 projects targeting 28 rare minerals over the next three years. These initiatives will not only extract valuable raw materials from ores but will also enhance mineral purity and facilitate the production of higher value-added products. Furthermore, additional funding will be provided to bolster geological exploration and scientific research, thereby strengthening the raw materials base.
In summary, Uzbekistan’s plans to invest 2.6 billion U.S. dollars in rare metal projects signify a strategic effort to enhance its mineral resource capabilities. Over the next three years, this initiative aims to improve extraction processes, mineral purity, and the production of valuable products, supported by increased funding for geological research.
Original Source: news.az
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