Kazakhstan is positioning itself as a key global supplier of lithium, with significant reserves discovered and growing international interest in exploration and investment.
Kazakhstan is positioning itself as an important potential global supplier of high-quality lithium just as demand surges for the mineral, which is indispensable for the booming power-storage technology industry. The auspices are good, although few firm investment commitments have materialized.
Prior to that, top officials, including former President Nursultan Nazarbayev, would at times encourage foreign investors to contemplate spending their money on lithium mining without apparently being prepared to inform them how much of the mineral there might be in the country. In May 2023, Tokayev pitched the idea of investing in lithium at a Kazakh-Chinese investment roundtable in Xian, China.
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