BAKU, Azerbaijan, June 8. Uzbekistan’s
Technological Metals Plant (TMK) has signed a memorandum of
cooperation with Shaanxi Non-ferrous Metals Holding Group, one of
China’s largest mining and metallurgical conglomerates, during a
business forum held as part of a visit by a Hong Kong delegation to
Uzbekistan, Trend
reports, citing TMK.
The agreement was reached during a business briefing and
roundtable attended by representatives of more than 120 leading
Hong Kong companies operating in industries including
manufacturing, finance, logistics, information technology, and
construction.
Shaanxi Non-ferrous Metals Holding Group oversees more than 30
subsidiaries and employs over 40,000 people. The company operates
an integrated industrial network spanning geological exploration,
mining, mineral processing, metallurgical production, and the
manufacture of value-added metal products.
Among the group's key subsidiaries are Jinduicheng Molybdenum
Co., one of the world’s leading molybdenum producers, and Baoti
Group, a major manufacturer of titanium and titanium alloys used in
aerospace and industrial applications.
The Chinese conglomerate also operates its own engineering
centers and design institutes specializing in the planning and
construction of mining and metallurgical facilities.
Under the memorandum, TMK and Shaanxi Non-ferrous Metals Holding
Group will explore cooperation in geological exploration, the
extraction and processing of critical minerals, technology
transfer, research and development, workforce training, and the
implementation of joint investment projects.
The agreement is expected to support Uzbekistan’s efforts to
develop its critical minerals sector, strengthen technological
capabilities, and expand international industrial partnerships as
the country seeks to move further up the value chain in strategic
mineral production.
