More than 30 metal deposits have been identified in Uzbekistan, including tungsten, molybdenum, magnesium, lithium, germanium, graphite, vanadium, and titanium. Previously, this sector did not receive adequate attention, and investments were not made in exploring rare minerals, processing industrial waste, or manufacturing finished products. 

In recent years, an organizational framework has been established in this field, and efforts have begun to produce high-value-added materials. During the presentation, the Minister of Mining and Geology outlined potential opportunities for further development in this sector.

Over the next three years, 76 projects covering 28 rare minerals will be implemented, with a total investment of $2.6 billion. Additional funding for geological exploration and scientific research will be allocated to expand the raw material base. 

It was emphasized that the primary goal is to extract valuable raw materials directly from ores using modern technologies, increase the purity of minerals, and produce high-value-added products. For example, the enrichment of tungsten concentrate from the Ingichka deposit will double its added value. Currently, 18 similar projects have been developed.

To expand the “raw materials – processing – science and technology – finished products” value chain, it was proposed to establish technology parks in Tashkent and Samarkand regions, which are rich in molybdenum and tungsten. 

The Head of state instructed the implementation of technology transfer and best practices in this field and the establishment of modern laboratories and training centers. It was emphasized that in the context of the “Fourth Industrial Revolution”, creating a strong foundation to secure a competitive position in this market is essential.