Uzbekistan has taken another major step toward strengthening its position in the global critical minerals market by signing a new cooperation agreement with one of China’s leading mining and metals corporations.

The Uzbekistan Technological Metals Complex has signed a memorandum of cooperation with China's Shaanxi Non-ferrous Metals Holding Group to expand collaboration in the exploration, extraction, and processing of strategically important mineral resources, The Caspian Post reports via Podrobno.uz.

The agreement outlines plans to advance geological exploration, mining operations, and the deep processing of critical minerals. It also includes technology transfer initiatives, expanded scientific research, workforce training programs, and the implementation of joint investment projects.

Officials expect the partnership to strengthen Uzbekistan’s capabilities in the critical minerals sector, broaden international cooperation, and boost the production of higher-value-added products.

One of China’s leading players in the mining and metals industry, Shaanxi Non-ferrous Metals Holding Group is recognized globally for its expertise in molybdenum and titanium extraction and processing. The corporation is also involved in engineering services and the development of integrated industrial supply chains.

The holding company oversees more than 30 enterprises and employs over 40,000 people. Its subsidiaries include Jinduicheng Molybdenum Co., Ltd., one of the world's largest molybdenum producers, and Baoti Group, a major manufacturer of titanium and titanium alloys used in aerospace and industrial applications.

The latest agreement comes as Uzbekistan accelerates efforts to become a key player in the global supply chain for critical minerals and rare earth elements. Earlier, Uzbek Foreign Minister Bakhtiyor Saidov and U.S. Deputy Secretary of State Christopher Landau signed a separate memorandum of understanding focused on cooperation in the extraction and processing of critical minerals and rare earth resources.