Shavkat Mirziyoyev reviewed a presentation on the priorities for 2026 and the future plans of Navoiyuran and the Uzbek Technological Metals Combine (UzTMK) on November 5. The presidential press service reported.
The meeting highlighted the rapid growth of the global critical minerals market, which is expanding by an average of 10% annually. To capitalise on these opportunities, Uzbekistan plans to make extensive use of its mineral resources, increase production of high value-added goods and expand its export potential.
By the end of the year, UzTMK plans to launch 12 investment projects, expand its range of localised products and increase production of high-purity selenium and tellurium.
Mirziyoyev instructed officials to accelerate promising critical minerals projects. In addition to the five products already being developed — tungsten, molybdenum, selenium, tellurium and rhenium — the country plans to begin producing 11 more: nickel, cobalt, graphite, antimony, tin, manganese, platinum, vanadium, mercury and copper.
Particular attention was paid to major projects involving the deep processing of tungsten. Uzbekistan plans to attract $1.1 billion in investment for these projects and increase production to $2.2 billion by 2030.
Overall, the target for the next three years is to increase the output of all 16 critical raw materials to $2.7 billion.
The meeting also reviewed proposals to develop promising rare earth deposits, expand UzTMK’s resource base and accelerate investment projects. The importance of introducing scientific advances into the industry and identifying new mineral reserves was also emphasised.
The English version of this material was generated with the assistance of AI translation tools and may differ slightly from the original text.
