With the development of clean technologies, the market for critical metals is growing rapidly. The potential for significant investment in this sector by the EU countries, the US and China is strong enough, given the stringent targets for decarbonization of economies and energy transition in these countries.
However, the stumbling block here is the projected shortage of raw materials and the security-of-supply challenges.
“Kazakhstan could become an important player in the market for the extraction and processing of critical metals. Exploration and development of relevant deposits can help attract substantial investments to Kazakhstan,” said Viktor Kovalenko, EY Partner, Leader of Sustainable Development Services in Central Asia, the Caucasus and Ukraine.
Read more in Victor Kovalenko’s article in Forbes.