An article entitled: "How Uzbekistan is responding to the growing world demand for industrially important minerals" was published in Kazakhstan's Infozakon online news publication, Dunyo agency said.
Reportedly, the "Uzbekistan-2030" strategy includes geological exploration activities aimed at increasing hydrocarbon reserves, modernization and digitization of the industry on 60,000 square meters, and attracting foreign investors.
Trillion soums are being contributed annually to Uzbekistan’s geological industry.
The story noted that there was a large untapped potential for industrially important minerals. In particular, 32 types of such minerals have been found in the country.
The news publication noted that the world was experiencing a rapid development of technology, due to which the demand for rare metals in electric vehicles, electrical engineering industry and "green" energy is increasing. These factors led to a significant increase in the prices of molybdenum, tellurium, selenium and graphite on the world market.
The article also reported that a number of important measures are being implemented in Uzbekistan for the study, extraction and processing of important minerals and rare earth elements.
In particular, it was reported that the government intended to launch lithium production on the eve of the international industrial exhibition "INNOPROM. Central Asia" in Tashkent in 2023. One of Uzbekistan's investment proposals is the development of the Nurlikon lithium mine in the Ohangaron district of the Tashkent province.
Measures implemented on this front are aimed at accelerating the implementation of joint projects with advanced technology companies focused on Uzbekistan’s green future, the article said.
