Tajikistan Officials Reveal Uncovering Significant Reserves of Rare Earth Elements
Tajikistan, currently the poorest nation in Central Asia, stands atop a rich trove of rare earth minerals crucial for fueling the global digital economy. Mukhtar Fazilzoda, head of Tajikistan's state geological service, announced in early December the discovery of 15 significant new deposits of rare earths within the mountainous nation. According to a report by Avesta news agency, Fazilzoda noted that these resources could play a pivotal role in the nation's economic development.
The newly discovered deposits are located in the east, a region characterized by challenging natural conditions. With recent advancements in technology, surveying such areas has now become possible. Additional studies are required to ascertain the precise extent of the deposits, including lithium, and provide data essential for attracting foreign investment and expertise needed for mining and development.
President Emomali Rahmon announced in late 2023 plans for government agencies to develop Tajikistan's mineral and non-ferrous metal wealth, including lithium, tungsten, and nickel. Rahmon expressed ambition to enhance the nation's domestic capacity to refine raw materials into finished products. Tajikistan is already known as a significant producer of gold and aluminum.
Despite this promising economic outlook, Tajikistan's development is hampered by issues such as poorly governed institutions and widespread corruption, as evidenced by Freedom House’s rankings. Overcoming such challenges is essential to manage natural resources effectively and attract necessary investment.
The growing demand for rare earth elements could prove a catalyst for Tajikistan's economic development, provided these obstacles are addressed. Projections indicate a 7% GDP growth in 2025, signifying a positive economic trajectory amidst potential external risks. With the right steps towards institutional reform and effective governance, Tajikistan could potentially transform its vast rare earth deposits into a catalyst for economic growth and eradicate poverty.
The newly discovered rare earth deposits, including lithium, could significantly contribute to Tajikistan's environmental-science and finance sectors, aiding in the nation's economic development, as projected by a 7% GDP growth in 2025. However, addressing challenges such as institutional reform and eradicating corruption, as evidenced by Freedom House’s rankings, is crucial for effective resource management and attracting investment needed for mining and industry growth.
