Kazakhstan has highlighted its growing role in the global critical minerals market during a roundtable hosted by the Atlantic Council in Washington, DC.

Ambassador Magzhan Ilyassov presented outcomes from President Tokayev’s US visit and the “C5+1” Summit, including $17 billion in commercial deals and the country’s first US-Kazakhstan MoU on critical minerals, The Caspian Post reports via Kazakh media.

The Memorandum aims to develop processing facilities, facilitate technology transfer, and open US markets to Kazakh products. A notable project with Cove Capital will see $1.1 billion invested in high value-added mineral production.

Representatives from US government bodies, development finance institutions, businesses, and experts explored Kazakhstan’s favorable investment climate and around 50 ready-to-implement projects. The roundtable concluded with strong interest in deepening bilateral cooperation in the sector.