Representatives of state-owned enterprises from Kyrgyzstan and Tajikistan shook hands and signed a cooperation agreement in the presence of high-level officials from both countries. This agreement, focusing on mining and technology, is propelling the economic development of these two Central Asian neighbors into a new phase.

China Nonferrous Mining recently acquired a 55% stake in Kazakhstan's SM Minerals for US$89 million, bringing its total stake to 70% and securing full development rights to the Benkara copper-gold mine project. This transaction marks a significant breakthrough for China in its strategic mineral resource development in Central Asia.

According to the Khovar News Agency, the Ministry of Industry and New Technologies of Tajikistan announced that it will hold a press conference at 10:00 AM local time on December 4th to report on preparations for the Second International Mining and Metallurgy Forum, scheduled to be held in Dushanbe on December 9th, 2025. The forum, supported by the Ministry of Industry and New Technologies, aims to advance the country's fourth strategic goal, centered on accelerating industrialization, support sustainable industrial development, restore and expand regional cooperation ties, and actively promote cooperation and partnerships in the industrial sector.

Central Asia is emerging as a strategic player in global critical mineral security, with deepening green cooperation between China and Uzbekistan. With abundant reserves of critical minerals such as gold, uranium, and antimony, Central Asia is rising as a key force in the global mineral market. Kazakhstan accounts for 43% of global uranium production, Uzbekistan ranks tenth globally in gold production, and Kyrgyzstan and Tajikistan are also developing antimony and tungsten deposits. The 2025 Central Asia Mining and Metallurgy Exhibition Forum, held in Tashkent, focused on the theme "Central Asia: An Emerging Strategic Player in Global Critical Mineral Security," attracting global industry attention.

he US-Kazakhstan tungsten mining cooperation is reshaping the global landscape of key minerals. In November 2025, during the "C5+1" summit in Washington, D.C., Cove Capital of the United States and Kazakhstan's Tau-Ken-Samruk signed an agreement to jointly develop the world's largest undeveloped tungsten deposit in the Karaganda region. The US will hold a 70% stake, and the project boasts 1.4 million tons of tungsten trioxide resources, accounting for 70% of Kazakhstan's total reserves. This move is seen as a key step in the US strategy to break China's monopoly on the tungsten supply chain—China controls more than 80% of global tungsten production capacity, and will impose export controls on the US starting in 2025, prompting the US to accelerate the construction of alternative supply chains.

Silver prices saw a significant correction on November 5th. The average price of spot silver No. 1 on CCMC was RMB 11,190/kg, down RMB 160; the silver AG 2512 on Shanghai Futures Exchange closed at RMB 11,216/kg, a decrease of 1.26%. This adjustment was primarily driven by stronger US dollar and a policy divergence within the Federal Reserve, while the medium- to long-term supply-demand gap continues to underpin the market.

Ukrainian newspaper website reported on November 13，The first Central Asian Trade and Investment Ministers' Meeting was held in Tashkent, with Azerbaijan as an invited participant. Participants reached a consensus to increase trade among Central Asian countries to $20 billion and jointly develop the "Made in Central Asia" regional brand to enhance the international competitiveness and reputation of Central Asian products.

The "Global Mining Development Report 2025" points out that against the backdrop of "low-normal" global economic growth, the restructuring of the global mining industry chain and supply chain has intensified, exacerbating structural imbalances between supply and demand. Meanwhile, technological innovation, global governance, and green sustainability have become new engines of development, accelerating the industry's transition towards green, intelligent, and integrated full-chain development.