Development Bank of Kazakhstan JSC announced the launch of a $1 billion program for financing projects for the extraction and processing of rare, rare earth, and critical materials for 2025–2030.
The new program is designed to become a tool for implementing projects in the mining and metallurgical industry in the field of processing rare earth metals and critical materials, within the framework of the Head of State’s strategic course, voiced in this year’s Address, regarding the development and launch of high-tech production facilities.
Its goal is to support small and medium-sized enterprises that implement investment projects in an industry strategically important for Kazakhstan’s economy.
Among the key advantages and conditions of the program are the minimum financing amount, which for such projects is reduced to 5 billion tenge in any currency – dollars, euros, yuan, for a period of up to 20 years, the cancellation of commission for organizing and changing financing conditions, and the availability of a grace period.
The relevance of the DBK Program is due to the strategic importance of the development of the sector for processing rare and critical materials for the diversification of Kazakhstan’s industry and the country’s integration into global value chains and trade.
Financing will be provided to projects in the metallurgical industry, including the mining and metallurgical complex with processing facilities. Confirmation of reserves according to the international JORC code is noted as a mandatory requirement for borrowers. The list includes rare earth metals (lanthanides, scandium, yttrium), as well as critical materials such as lithium, cobalt, tungsten, germanium, gallium, graphite, and other materials in demand for high technologies, green energy, and electronics.
