Kazakhstan Sees $800 Million Investment in Rare-Earth Ventures
This article is for subscribers only.
Kazatomprom, Kazakhstan’s state-owned uranium company, plans to invest about $800 million with Russian and Japanese partners to mine rare-earth metals as supplies from China shrink.
The company and its Russian counterpart Rosatom Corp. may invest as much as $500 million to mine rare earths in Russia and Kazakhstan, Kazatomprom Chief Executive Officer Vladimir Shkolnik said in an interview, without giving a timeframe. In Japan, Kazatomprom has teamed up with Toshiba Corp. and Sumitomo Corp. in ventures that may cost a total $300 million, he said.