A recent Kazakh-British business forum in London focused on investment opportunities in Kazakhstan's mining industry, particularly regarding rare earth metals. The meeting was attended by State Minister of Business and Trade of the United Kingdom, Nusrat Ghani, who highlighted the appeal of Kazakhstan's mineral resources for British businesses.
Nusrat Ghani predicted that by 2040, the global demand for solid minerals counting lithium, graphite, cobalt, and nickel, essential for battery production, will increase by thirteenfold.
One potential area for Kazakh-British trade and investment partnership is the joint production and processing of critical minerals. These minerals are crucial to national security and economic prosperity, and both sides signed a memorandum of understanding during Secretary of State for Foreign, Commonwealth, and Development Affairs of the United Kingdom James Cleverly's visit to Astana in March. The UK is now working on a roadmap for implementing projects in this field.
The National Geological Service of Kazakhstan is currently in talks with British partners to accelerate the development of mineral deposits in Kazakhstan.
MP Jeff Townsend stated that the UK could only rely on a handful of nations, including Kazakhstan, to export critical minerals for British industry. At the same time, Nusrat Ghani proposed that British firms could offer opportunities in various fields, including artificial intelligence and digital mapping. She emphasized that British companies have the expertise and infrastructure to develop new technologies based on mineral resources in Kazakhstan.
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