The Development Bank of Kazakhstan, a subsidiary of the Baiterek holding, has launched a financing program for projects in the extraction and processing of rare, rare earth, and critical materials for 2025–2030. The total program volume is $1 billion.
The initiative aims to support medium and large enterprises implementing projects in the strategic sector of rare and critical material processing, in line with Kazakhstan’s national course toward developing high-tech industries.
The minimum financing threshold is set at 5 billion tenge in any currency. Loan terms may extend up to 20 years, with a grace period and no fees for financing arrangement or modification.
Financing will be available for metallurgical and mining projects with confirmed reserves under the international JORC standard. The program covers the processing of rare earth elements (lanthanides, scandium, yttrium), as well as lithium, cobalt, tungsten, germanium, gallium, graphite, and other materials essential for clean energy, electronics, and advanced technologies.
The program also contributes to the implementation of Kazakhstan’s 2024–2028 Rare and Rare Earth Metals Industry Development Plan.
The program is expected to spur technological development, expand the Bank’s portfolio of long-term high-tech projects, and strengthen Kazakhstan’s position in the global critical materials market.
Source: Ministry of National Economy
