Chinese Firm to Invest $12 Billion in Kazakhstan’s Non-Ferrous Metals Sector
China’s East Hope Group (EHG) plans to invest over $12 billion in a vertically integrated non-ferrous metals production facility in Kazakhstan, which will include an industrial park, mining and processing plant, electrolysis plant, and power plant.
The project, announced during a Feb. 17 meeting between Kazakh First Deputy Prime Minister Roman Sklyar and EHG General Director Changjun Meng, is expected to create 10,000 jobs and focus on export-oriented production.
On Feb. 18, EHG signed an agreement to establish new production facilities in two regions, integrate advanced metallurgical technologies, and expand exports to the EU, Central Asia, and China. The initiative also includes the construction of new electrical capacities.
The parties will finalize an investment agreement, outlining cooperation terms, government support measures, and mutual obligations.
EHG is a global leader in non-ferrous metals, semiconductor technologies, and low-carbon industrial complexes, with extensive experience in large-scale industrial projects.
Photo credit: gov.kz
