Kazakhstan Aims to Increase Refined Copper Production by 50%
Key Points
- Kazakhstan aims to increase refined copper production by 50%
- A new smelting plant will be built in Balkhash
- The project is part of the country's strategy to process its mineral resources more deeply
By the Numbers
Kazakhstan aims to increase its refined copper production by 50% by building a new smelting plant in Balkhash. The government believes this project will strengthen the country's position among the world's leading copper producers.
The project is seen as part of the country's strategy to process its mineral resources more deeply. The investment agreement was signed between the Ministry of Industry and Construction and Qazaq Smelter LLP, and was approved by Prime Minister Olzhas Bektenov.
The private investment of approximately 750 billion tenge (approximately $1.6 billion) plans to start construction in 2027 and become operational in 2030.
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Frequently Asked Questions
- Why is Kazakhstan aiming to increase its refined copper production?
- Kazakhstan wants to strengthen its position among the world's leading copper producers and create more added value by processing its mineral resources more deeply.
- When will the project become operational?
- The project plans to start construction in 2027 and become operational in 2030.
- What is the cost of the project?
- The project's cost is estimated to be approximately 750 billion tenge (approximately $1.6 billion).
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