
US President Trump and Uzbek Mirdayev, May 16, 2018 (Oliver Olry/ Getty)
President Donald Trump’s administration continues to search for vital and rare metal deals in an attempt to obtain the largest share of these important minerals for future industries and technologies. In this regard, Uzbekistan announced a $ 2.6 billion initiative to develop its huge mineral resources, which prepares the country in Central Asia to become an important source of rare minerals for American companies, according to a report on the “Oil Price” newsletter on Tuesday evening.
During a presentation on March 7 in Tashkent, President Shawkat Mirdayev announced a three -year investment plan to develop 76 projects covering 28 different elements used in the production of rare minerals. Uzbekistan has set an important deposit from the basic minerals, such as tungsten, lehumium, titanium and vanadium, an element used to build nuclear reactors. But so far, these sediments have not been intensively developed, partly due to the delay in investment.
According to the report, the initiative aims to stimulate a local industrial base, as the metals extracted from Uzbekistan are used to manufacture cars, electronics and high -tech products in the factories in the country. The plan also opens the door to new commercial and investment opportunities for the United States. “The main task is to extract raw materials in increasing the value directly from raw using modern technologies, increasing metal purity, and producing high -value products. For example, the enrichment of the Tungstin concentrated from the Ingishka deposits will be doubled,” said a statement issued by Mirdayev.
The Uzbek initiative will also include the financing of geological exploration to determine new deposits, in addition to developing technological centers in the Tashkent and Samarkand regions to train specialists to use new technologies and enhance the best mining practices. Here, the United States can play an important role. The Trump administration’s foreign policy has given priority to expanding the reach of the United States to rare minerals around the world, with the aim of reducing the great dependence on China in the basic supplies, and it seems that Uzbekistan is considered in Washington an important opportunity.
In a phone call on February 21 with his Uzbek counterpart, US Secretary of State Marco Rubio affirmed the United States’s keenness to benefit from “mutual opportunities for investment in basic minerals.” In this context, the Uzbekistan initiative on March 7 appears to be an invitation to the Trump administration to prove its statements. Uzbekistan is currently lacking the experience and technology necessary to convert Merdayev’s vision into reality.