Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
Trump lashes out at Crockett, renews call for...
Trump goes after Zelenskyy over ‘land swapping’ dispute,...
Democratic whistleblower told FBI that Adam Schiff approved...
MORNING GLORY: Trump meets Putin amid an era...
‘Things need to change’: Senate Democrats sharpen criticism...
Mamdani zings Cuomo in rent-stabilized housing spat during...
Unearthed emails reveal White House nixed Biden visiting...
Strong drilling targets identified next to high-grade gold-copper...
Seymour Lithium Project Achieves Permitting Milestone
Acquisition of Silver Extraction Technology
  • Business
  • Investing
  • Politics
  • Stock

Sightful Invest

Investing

Turkey Eyes Chinese Partnership to Develop Rare Earths Deposits

by admin September 4, 2024
September 4, 2024
Turkey Eyes Chinese Partnership to Develop Rare Earths Deposits

Turkey is looking to collaborate with China on rare earths processing as part of a broader initiative to bolster the country’s presence in the electric vehicle (EV) and battery markets.

According to Bloomberg, the initiative is a strategic move that Turkey hopes will enhance its appeal to Chinese manufacturers, including major companies like BYD (OTC Pink:BYDDF,SZSE:002594), the world’s largest EV producer.

Under the leadership of President Recep Tayyip Erdogan, the Turkish government has been proactive in seeking Chinese involvement in the exploitation and processing of rare earth elements.

In 2022, Turkey discovered a large deposit of the critical metals in Beylikova, near Eskisehir in Central Anatolia.

Since then, Turkey has positioned itself as a potentially key player in the global rare earths supply chain, targeting various high-tech applications such as EVs and renewable energy technologies.

The country is hopeful that it can go beyond being only a rare earths supplier, and is seeking to establish a comprehensive value chain that includes processing, manufacturing and final production stages.

A successful partnership with China — a global rare earths and EV powerhouse — could position Turkey as a more attractive destination for Chinese companies looking to expand their manufacturing capabilities.

In line with these efforts, Turkey plans to send Energy Minister Alparslan Bayraktar to China in October to engage in advanced discussions with officials in the country. The delegation will aim to finalize details regarding the collaboration as both nations explore opportunities for cooperation in the rare earth elements sector.

The upcoming visit will follow Erdogan’s earlier discussions with Chinese President Xi Jinping in Kazakhstan, where they explored the potential for joint development of Turkey’s rare earths deposits.

If successful, the partnership will come at a time when China is tightening its grip on its rare earths sector — the Asian nation recently announced plans to implement stricter regulations on the mining, smelting and trading of rare earths.

These new rules, which will be effective starting on October 1, emphasize state ownership of rare earths resources and require detailed traceability for all enterprises involved in the sector. The regulations also include restrictions on the export of technology related to rare earth magnets, which are vital for EVs and other advanced technologies.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

previous post
Update to Entitlement Offer Timetable
next post
Licence Application Granted for Ulytau Uranium Project

You may also like

JZR Gold Inc. Announces Completion of Testing of...

May 14, 2025

BPH Global receives funding commitment of A$100,000

December 18, 2024

Eclipse Metals and Boss Energy Sign Binding Option...

March 10, 2025

LME Copper vs. COMEX Copper

January 31, 2025

Crypto Market Recap: Trump Media Files for Third...

July 14, 2025

6 Biggest Crypto-Mining Stocks

February 10, 2025

Crypto Market Recap: SEC Crypto ETF Guidance Sets...

July 7, 2025

How to Invest in Potash Stocks

February 7, 2025

BHP to Spend up to A$40M to Explore...

March 10, 2025

Coniagas Initiates Global Feed First Strategy on Critical...

September 10, 2024

Recent Posts

  • Trump lashes out at Crockett, renews call for cognitive test
  • Trump goes after Zelenskyy over ‘land swapping’ dispute, lays out ‘feel out meeting’ with Putin
  • Democratic whistleblower told FBI that Adam Schiff approved classified leaks to target Trump
  • MORNING GLORY: Trump meets Putin amid an era done away with John Quincy Adams’ ‘abroad’
  • ‘Things need to change’: Senate Democrats sharpen criticism of Israel as humanitarian concerns grow

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (867)
    • Investing (2,729)
    • Politics (3,369)
    • Stock (4)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sightfulinvest.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 Sightful Invest. All Rights Reserved.