Mining of rare earth metal
Rare earth metals are a group consisting of 17 elements of the periodic table. Unlike oil and gas, these metals do not attract as much attention however, they are extremely important. The elements are used in the production of almost any modern equipment or device (smartphones, computers, laser devices etc.). Currently, China and the USA are leading rare earth metals’ exporters. However, the Kazakhstan Republic has a huge potential when it comes to mining rare earth metals. The country has significant rare earth metals reserves in order to become competitive. Based on these facts, it’s logical to assume that investing in mining rare earth metals in Kazakhstan is extremely profitable.
The Republic of Kazakhstan has deposits of rare-earth metals, in whose ores contains the following elements:
Metal mining of these elements is extremely important for modern technologies.
Nowadays the rare earth metals market is estimated at 3 to 5 billion dollars and the number is expected to double by 2020. Being the world’s biggest uranium producer, Kazakhstan has all the chances to become a more reliable rare earth metals supplier than China. So, investing in rare earth metals mining now is a great opportunity for investors to increase their capital in the future.