U.S. Considers Financing Major Tungsten Project in Kazakhstan to Diversify Mineral Supply Chains

Published: Feb 13, 2026 10:58

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[SMM Tungsten Express] The U.S. International Development Finance Corporation is considering financing the Severniy Katpar tungsten project in Kazakhstan. One of the world's largest undeveloped tungsten deposits, it holds over 10% of global reserves and is a JV between Cove Kaz Capital and Kazakh state miner Tau-Ken Samruk. U.S. officials called it a landmark investment in Kazakhstan's mining sector, aiming to diversify critical mineral supply chains and implement the U.S.-Kazakhstan critical minerals MOU signed in November 2025.

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