Kazakhstan Unveils $1 Billion Initiative to Strengthen Rare Earth Sector

Kazakhstan has launched a $1 billion program to support the mining and processing of rare earth metals.

The initiative, managed by the Development Bank of Kazakhstan and running until 2030, is designed to attract investment into the country’s metallurgical sector, The Caspian Post reports via Kazakh media.

Key benefits include minimum financing of $9.4 million in any currency, a loan term of up to 20 years, waived commissions, and a grace period for repayments.

Authorities highlighted that the program aims to enhance Kazakhstan’s global competitiveness in the rare earth industry while supporting strategic industrial development in the country.