Mongolia’s Development of Critical Minerals Opportunities and Challenges www.nbr.org
Charles Krusekopf provides an overview of Mongolia’s mineral resources, with a focus on its large deposits and growing exports of copper. He highlights the opportunities for cooperation with the United States, Japan, South Korea, and European countries on mining development as well as the challenges Mongolia faces in developing its mineral resources and exporting them to markets beyond China.
Mongolia is one of the largest countries in Asia by land area, and it contains extensive mineral deposits, including copper, coal, fluorspar, gold, iron, petroleum, tungsten, uranium, and zinc. Minerals account for nearly 90% of its exports, and given the country’s geographic location, limited capital, and lack of infrastructure, almost all exported minerals are sold directly to China after minimal domestic processing ....
Published Date:2023-08-17