The United States is in active negotiations with Kazakhstan about joint development of large tungsten deposits. This strategic metal is of key importance for the defense industry and high-tech industries.
The US Department of Commerce is participating in negotiations between Cove Kaz Capital Group LLC and Kazakhstan’s sovereign wealth fund on the prospects for developing two of the largest deposits tungsten Discussions have been going on for several months and involve the creation of a joint venture.
It is expected that the future agreement will allow the United States to ensure a stable supply of tungsten for defense and commercial needs. Kazakhstan, as part of cooperation, will be able to receive modern technologies and a share in profits. Total reserves are estimated at more than 2 million tons, potentially providing production for decades to come.
The negotiations come as the Pentagon is actively seeking alternative sources of tungsten independent of China, which currently dominates the global market for this metal. Tungsten is widely used in the production of high-precision equipment, specialty alloys and aerospace technology.
Successful completion of the negotiations will strengthen the economic partnership between the countries and provide the United States with access to an important strategic resource. This is consistent with the general trend of diversifying the supply of critical materials.
The material was prepared with the support of the Russian Ministry of Education and Science as part of the Decade of Science and Technology.
Source: @Metals_Mining
