Kazakhstan is opening the door to greater American investment in its rapidly growing critical minerals sector, inviting US companies to participate in the exploration and development of rare and rare-earth metal deposits across the country.

The proposal was announced by Kazakhstan’s Minister of Industry and Construction, Yerssaiyn Nagaspayev, during the C5+1 Dialogue on Critical Minerals in Astana, The Caspian Post reports via Kazinform.

Addressing participants, Nagaspayev described critical minerals as a cornerstone of the global technological transition and an increasingly important driver of economic growth, clean energy development, and advanced manufacturing.

He highlighted Kazakhstan’s significant resource potential, noting that the country possesses more than 9,500 mineral deposits, including over 100 sites containing rare and rare-earth metals.

“Kazakhstan’s resource base includes more than 9,500 deposits, including over 100 containing rare and rare-earth metals. We invite American companies to join their exploration and extraction,” Nagaspayev said.

The minister emphasized that Kazakhstan is strategically positioned between major global markets and has made major reforms to attract international investors. Since adopting a new Subsoil and Subsoil Use Code in 2018, the country has streamlined licensing procedures, introduced a “first come, first served” system, and improved transparency in the mining sector.

Further reforms include the launch of a Unified Subsoil Use Platform and the full adoption of international CRIRSCO reporting standards, bringing Kazakhstan’s resource reporting practices in line with leading global mining jurisdictions.

Nagaspayev said that investor confidence has grown significantly as a result. Investment in geological exploration has tripled since 2018, surpassing $1 billion, while major global mining companies have entered the Kazakh market.

Beyond resource extraction, Kazakhstan is seeking partnerships that support technology transfer, workforce development, scientific cooperation, and the creation of value-added industries.

As demand for critical minerals continues to surge worldwide, Kazakhstan is positioning itself as a key supplier and strategic partner in global supply chains for advanced technologies, renewable energy, and next-generation manufacturing.