Korea Institute of Geoscience and Mineral Resources Plans Lithium Plant in Kazakhstan
The Korea Institute of Geoscience and Mineral Resources (KIGAM) aims to establish a plant in Kazakhstan to produce lithium carbonate and lithium hydroxide, as reported by Trend. This development was discussed during a meeting between Kazakhstan's Minister of Industry and Construction, Kanat Sharlapaev, and representatives from KIGAM and SK ECOPLANT.
Representatives from KIGAM and SK ECOPLANT also expressed interest in conducting joint geological exploration and advancing lithium production. Minister Sharlapaev assured that Kazakhstan is prepared to support the project with necessary governmental assistance. An extended meeting in Astana has been scheduled to further discuss the details.
Lithium, a strategic resource crucial for producing batteries for electric vehicles, portable devices, and other technologies, is pivotal for modern industry. Constructing such plants in Kazakhstan would not only boost the local industry but also provide access to advanced lithium processing technologies, attracting investment and creating new jobs.
South Korea is a significant trading partner for Kazakhstan in Asia. In 2023, the trade turnover between the two countries exceeded $6 billion, with Kazakhstan exporting $3.8 billion worth of goods to South Korea and importing $2.2 billion.
This project marks a significant step in strengthening industrial ties between Kazakhstan and South Korea, leveraging Kazakhstan's natural resources and South Korea's technological expertise.
