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AI Customer ServiceKazakhstan is taking strategic steps to strengthen its position in the global electric vehicle (EV) battery market by increasing the output of critical metals, according to the
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AI Customer ServiceALMATY (Reuters) - Kazakhstan aims to boost output of metals needed for electric vehicle (EV) batteries and is issuing hundreds of new exploration licences to attract
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AI Customer ServiceALMATY (Reuters) - Kazakhstan aims to boost output of metals needed for electric vehicle (EV) batteries and is issuing hundreds of new exploration licences to attract
AI Customer ServiceThe country wants to gain market share in battery materials such as lithium, cobalt, manganese, nickel and graphite amid rising demand for the materials, Sharlapaev said.
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AI Customer ServiceKazakhstan aims to boost output of metals needed for electric vehicle (EV) batteries and is issuing hundreds of new exploration licences to attract fresh investment in the
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AI Customer ServiceThe country wants to gain market share in battery materials such as lithium, cobalt, manganese, nickel and graphite amid rising demand for the materials, Sharlapayev said. Kazakhstan already mines manganese, but last year it launched processing of manganese sulphate and aims to eventually capture 10% of the global market for the battery material.
By Olzhas Auyezov and Eric Onstad ALMATY (Reuters) - Kazakhstan aims to boost output of metals needed for electric vehicle (EV) batteries and is issuing hundreds of new exploration licences to attract fresh investment in the sector, the country's industry minister told Reuters.
Kazakhstan is a major global supplier of both uranium andtitanium. It also holds 2% of world nickel reserves, but has,for now, a negligible share in its global output. The country has also yet to tap its deposits of lithium, another key metal, but exploration is underway.
This has hiked the number of issued licences so far this year to 487 compared to 397 for all of 2023, according to data from the ministry. Major mining companies involved in exploration in Kazakhstan include BHP, Rio Tinto, First Quantum Minerals, Fortescue and Teck Resources.
Kazakhstan already mines manganese, but last year it launched processing of manganese sulphate and aims to eventually capture 10% of the global market for the battery material. It also supplies phosphates for fertilisers and aims to process material needed for LFP (lithium ferro phosphate) batteries that are growing in popularity, he added.
Kazakhstan has signed deals with the European Union and Britain on the supply of critical minerals. "People know that Kazakhstan is very reliable... We've been supplying markets for a very long time," industry minister Kanat Sharlapayev said in an interview this week.
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