Project Resources
Kazakhstan is the country that initiated the Belt and Road Initiative. China and Kazakhstan have achieved fruitful results in the joint construction of the Belt and Road Initiative. More than 45 production capacity cooperation projects have been established between the two countries, and China and Kazakhstan have also signed the Cooperation Plan on the Docking of the Construction of the Silk Road Economic Belt and the New Economic Policy of the Bright Road. In the list of Sino-Kazakh cooperation projects, investment in the oil and gas sector accounts for about half, while the rest is distributed in mining and ore processing, machinery manufacturing, energy, food production and other industries. The Belt and Road Initiative between China and Kazakhstan has injected new vitality into China-Kazakhstan cooperation and promoted the coordinated development of the tungsten industry at the policy level. In addition, the Government of Kazakhstan has issued a number of regulations and programmes that are beneficial to the mining industry. For example, the "Kazakhstan 2050 Development Strategy" is a strategic plan of the Government of Kazakhstan published in 2012 to identify new markets in Kazakhstan where productive partnerships can be formed and a favourable investment climate created. As China has established a long-term partnership with Kazakhstan, these preferential policies provide a more friendly environment for Chinese enterprises to operate in Kazakhstan and promote the development of tungsten industry in China and Kazakhstan.
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Project Products and Markets
Tungsten is a scarce strategic resource. The Chinese government controls tungsten and rare earth as strategic materials, and issues quota targets to Chinese manufacturers every year. Tungsten metal has many excellent and unique properties, such as high melting point, high density, high hardness, strong wear resistance, strong corrosion resistance, good thermal conductivity, good electrical conductivity, and stable chemical properties. Due to the scarcity of global tungsten resources, its irreplaceable in industrial applications, and its increasing importance for the national economy, national defense construction and high-tech industries, its strategic position is prominent.
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