Over the next three years, Uzbekistan plans to implement 76 projects focused on 28 rare minerals, with a total investment of $2.6bn. The initiative aims to expand the country’s raw material base, enhance mineral processing, and boost high-added-value production.

Uzbekistan has identified deposits of more than 30 critical metals, including tungsten, molybdenum, magnesium, lithium, germanium, graphite, vanadium, and titanium. However, investment in exploration, waste processing, and finished product manufacturing has been limited in the past. To address this, the government has developed a framework to strengthen the sector and drive innovation.

At a recent presentation, the Minister of Mining and Geology outlined new opportunities for mineral extraction and processing. To support these efforts, Uzbekistan will allocate additional funding for geological exploration and research. 

The focus will be on utilizing modern technologies to extract valuable raw materials directly from ore, increase mineral purity, and develop advanced industrial products. For example, upgrading tungsten concentrate from the Ingichka deposit is expected to double its added value. Currently, 18 projects are under development to enhance mineral processing.

To strengthen the supply chain from raw materials to finished products, Uzbekistan plans to establish technology parks in the Tashkent and Samarkand regions, which are rich in molybdenum and tungsten. These hubs will integrate scientific research, advanced processing methods, and high-tech manufacturing.

President Shavkat Mirziyoyev has instructed authorities to facilitate technology transfers, establish modern laboratories, and create training centers to develop a skilled workforce. He emphasized that in the era of the “fourth industrial revolution,” Uzbekistan must build a strong foundation to secure a competitive position in the global market for critical minerals.