Kazakhstan to launch new projects on rare earth metals

President Kassym-Jomart Tokayev has instructed the government to launch a number of enterprises in the field of rare earth metals in Kazakhstan within the next three years, reports a Kazinform News Agency correspondent.

Rare earth metals
Photo credit: Canva

“Given global trends, rare earth metals and other critical materials are becoming increasingly important. In this area, Kazakhstan has all the opportunities to firmly integrate into global production and trade chains,” the Head of State emphasized in his Address to the Nation. “Over the next three years, we must launch at least three enterprises for the production of high-tech products in this sector. The Government must also implement several flagship projects on the deep processing of hydrocarbon raw materials.”

Today, President Tokayev is delivering his annual State-of-the-Nation Address at a joint session of the Houses of Parliament.

Earlier, it was reported that the Head of State, in his Address to the Nation, instructed the establishment of a Digital Assets Fund to accumulate a strategic crypto reserve.

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