Trump Team Backs Effort for US-Kazakhstan Tungsten Mine Deal.

The article discusses the Trump administration's negotiations for a U.S. company, Cove Kaz Capital Group LLC, to access significant tungsten deposits in Kazakhstan, a metal critical for U.S. defense applications. Commerce Secretary Howard Lutnick is facilitating talks with Kazakhstan's sovereign wealth fund, Samruk-Kazyna, as part of efforts to reduce U.S. reliance on Chinese rare-earth minerals amid ongoing trade tensions. The proposed deal involves creating a joint venture where Cove Kaz Capital would operate the mine and share profits with Kazakhstan, while the U.S. government may provide financial support through federal entities. The tungsten deposits, located at Upper Kairaktinskoye and North Katpar, are seen as vital resources in the global tungsten market, currently dominated by China. [Extracted from the article]