Why is this important
Critical minerals are key materials for technological and energy transformation: they are essential for batteries, electronics, and green technologies. For Uzbekistan, such projects mean the development of a resource base, technological development, and capital inflow.
What is going on
- At talks in New York between Shavkat Mirziyoyev and Allan Doctor (Traxys), a portfolio of $1 billion worth of projects in the mining sector was approved.
- Traxys plans to open its representative office in Uzbekistan to support the implementation of projects.
- В перечне минералов — вольфрам, молибден, медь и другие «критические минералы».
- The parties agreed on a roadmap, the introduction of advanced technologies for extraction, processing, and sustainable supply chains.
- At the same time, the creation of a competent center based at the University of Geological Sciences of Uzbekistan with the support of the Colorado School of Mines is being discussed.
What they say
Uzbekistan is a country very rich in such resources, — said Alan Docter.
A portfolio of geological exploration and production projects worth $1 billion has already been formed, — the press service of the President of Uzbekistan noted.
Context
Uzbekistan has already signed a memorandum with the US in the field of critical minerals. At this point, Traxys is classified as one of the world leaders in critical raw material supplies, especially those used in “green” energy.
The projects include not just extraction, but processing and creating value-added supply chains. Uzbekistan aims to strengthen competition in the mining industry and integrate into global critical resource supply chains.
