Kazakhstan Discovers Largest Rare Earth Metal Deposit

1. Kazakhstan has announced the discovery of its largest rare earth metal deposit in the Karaganda region, containing an estimated one million tonnes of essential rare earth elements, including cerium, yttrium, neodymium and lanthanum.
2. This discovery could significantly impact the global market, especially in the fields of green energy and high-tech industries.

Key Points:

Location of Karaganda Region in Kazakhstan, shown in red.

 

1. Deposit Size: Initial estimates suggest one million tonnes, with the potential to grow to over 20 million tonnes after further research.
2. Strategic Importance: The rare earth metals found are crucial for technologies like electric vehicles, wind turbines, and defense systems.
3. Global Competition: Countries like China, Russia, the US, and Europe are competing for access to these resources, with the EU showing particular interest due to its carbon neutrality goals by 2050.

 

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