Turkey and China have signed a memorandum of understanding (MOU) to enhance their cooperation in the mining sector, with a strong focus on critical minerals like rare earth elements. China, which dominates the global supply of rare earths, producing 70% of the world’s output and 90% of refined materials, has reinforced its strategic role in this partnership.
The announcement was made during an international mining conference held in Tianjin, China, where Alparslan Bayraktar, Turkey’s Minister of Energy and Natural Resources, and his Chinese counterpart, Wang Guanghua, formalized the agreement. Bayraktar highlighted the significance of critical minerals in high-tech production and emphasized Turkey’s goal to process 570,000 tonnes of rare earth elements annually. This will allow Turkey to capitalize on its Eskişehir reserve, the second-largest in the world.
This latest agreement follows a prior MOU focused on energy transformation, signed during Bayraktar’s visit to China in May. Turkey aims to attract investments from major Chinese companies, such as BYD, to support its electric vehicleand battery production sectors. Additionally, Bayraktar held discussions with CNOS, a key player in China’s nuclear industry, and SPIC, one of China’s largest energy companies, to explore partnerships in renewable energy and modular reactors.
In a statement on his official X account, Bayraktar emphasized the potential of joint mining projects, stating that such collaborations could significantly impact the future of the global mining industry.
