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| Boguty Mine |
Kazakhstan tungsten concentrate production will officially enter the market in 2025 as the Boguty tungsten mine starts commercial sales. The mine, located in eastern Kazakhstan, is operated by a joint venture between Jiangxi Copper and Jiaxin International Resource Investment. While production began in November 2024, official sales of tungsten concentrate are set for the second quarter of 2025.
Steady Growth in Output Forecasted
The Boguty mine is projected to produce 5,979 tonnes of tungsten concentrate in 2025. By 2028, annual output is expected to rise to 13,216 tonnes. The gradual ramp-up aligns with the operators’ long-term strategy to establish Kazakhstan as a reliable tungsten supplier. However, its contribution remains modest compared to China's 127,000 tonnes produced in 2024.
Global Supply Impact Likely Minimal
Despite the launch of Kazakhstan tungsten concentrate production, market experts believe the new supply will not significantly ease global shortages. Depletion of high-grade tungsten resources, particularly in mature mining regions, has tightened supply globally. The Boguty mine's initial volumes are not sufficient to offset current deficits, especially with rising demand from aerospace, defense, and energy sectors.
The Metalnomist Commentary
The start of Kazakhstan tungsten concentrate production signals a diversification in the global tungsten supply chain. However, meaningful market impact will depend on Boguty's ability to scale production and maintain ore quality amid geopolitical and logistical challenges.
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