The Uzbekistan Technological Metals Combine (TMK) held talks on deep processing of critical raw minerals and attracting international financing for new industrial projects.
The first meeting of the Korea–Uzbekistan Critical Minerals Cooperation Platform working group took place, featuring representatives from TMK, the Export-Import Bank of Korea (KEXIM), the Asian Development Bank (ADB), and the Uzbekistan Fund for Reconstruction and Development.
The meeting was held pursuant to a quadrilateral memorandum signed during the state visit of the President of the Republic of Uzbekistan to the Republic of Korea.
During the talks, TMK presented high-potential industrial projects and discussed securing support through international credit facilities and co-financing mechanisms, enlisting technical assistance, and expanding technological partnerships with Korean companies.
The parties exchanged views on priority areas of cooperation and project financing structures.
Following the meeting, the participants agreed to continue collaboration within the working group, identify priority projects, and phase in practical implementation.
This cooperation aims to advance high-value-added manufacturing in Uzbekistan and strengthen the national industry's position in global value chains.
