9,374.20 TL BIST 100 BIST 100
31.06 $ USD USD
€33.62 EUR EUR
26,590.00 TL Interest Interest
81.25 $ Fossil Oil Fossil Oil
22.84 $ Silver Silver
3.88 $ Copper Copper
118.72 $ Iron Ore Iron Ore
394.00 $ Ship Dismantling Ship Dismantling
2,032.54 TL Gold (gr) Gold (gr)

A ferroalloy production plant will be built in Kazakhstan in 2025

The government discussed the issue of building a plant for the production of ferroalloys in the city of Ekibastuz, Pavlodar region.

A ferroalloy production plant will be built in Kazakhstan in 2025

The plant, which is expected to be completed by 2025, involves a substantial investment of over 113 billion tenge (approximately $245 million). Beyond bolstering Kazakhstan’s industrial prowess, the project is projected to create more than 520 permanent jobs, thereby contributing significantly to the nation’s employment scenario. The project is also part of a broader strategy to expand Kazakhstan’s footprint in international markets such as Japan, South Korea, the United States, Turkey, and European countries.

During the meeting, the state commission also discussed the ongoing development of oil fields, with a keen focus on production efficiency, job creation, and ensuring service companies have sufficient work. This underscores the country’s commitment to optimizing its energy resources while balancing economic growth and employment generation.

The meeting also covered the Comprehensive Privatization Plan for 2021-2025. This involves a critical examination of the criteria for asset sale and planning the competitive transition of Qazaq Air in 2024. The plan is expected to bring about a significant shift in Kazakhstan’s economic landscape, making it more attractive to international investors while maintaining a balance with its national interests.


No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

India's steel exports soar amid EU demand and global trends

Monday, February 26, 2024

Scrap prices in Taiwan fall due to global market shifts

Monday, February 26, 2024

Major Merger in Pakistan's Steel Sector

Monday, February 26, 2024

26th February Türkiye wire mesh prices are announced

Monday, February 26, 2024

ÇEMTAŞ aims to reduce carbon emissions by 26% by the end of 2024

Monday, February 26, 2024
Follow List
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.

There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now