The Growing Importance of Nickel Mining in Kazakhstan

Every year in Kazakhstan, workers extract hundreds of thousands of tons of copper from beneath the nation’s soil. Exporting oil and metals has been the backbone of the economy for decades. However, with the global shift towards cleaner energy and electric vehicles, minerals like nickel have gained increased value, sparking a new boom in the industry.

China, Kazakhstan’s neighbor to the east, is strategically positioned to take advantage of this boom. The country has made significant investments in upgrading Kazakhstan’s infrastructure, including rail lines, ports, and other facilities, signaling to the world that Kazakhstan is open for business.

Insights into the Mineral Trade in Kazakhstan

Meet Kenges Rakishev:

Kenges Rakishev, a prominent figure in Kazakhstan and known as one of the wealthiest individuals in the country, recently visited a remote area in eastern Kazakhstan to explore investment opportunities in nickel mining. Despite the seemingly desolate landscape, Rakishev sees great potential in the abundant nickel resources that Kazakhstan possesses.

Investment Ventures:

Mr. Rakishev, aged 44, is renowned for his diverse investment portfolio, ranging from plant-based food companies to blockchain technology. His current focus on nickel mining reflects the global demand for minerals essential in clean energy technologies like electric vehicles. His connections to Kazakhstan’s political elite have facilitated his investments in energy projects and even the acquisition of a seized bank.

Global Connections:

Rakishev’s business endeavors have brought him into contact with influential figures worldwide. Notably, his association with a former Kazakh prime minister led to interactions with Hunter Biden, son of the American President, during the latter’s business activities that garnered political attention.