U.S. mining investment firm Cove Capital recently secured a major critical mineral project in Central Asia—a multibillion dollar deal to mine the world’s largest undeveloped tungsten deposit in Kazakhstan.
According to the company’s executive, the November 2025 deal, which involved a joint venture with a state run mining company, could serve as a blueprint for other agreements as Washington seeks to shore up critical mineral supply chains worldwide and reduce dependence on China.
The project was the result of “unprecedented” inter-agency cooperation, said Pini Althaus, managing partner of Cove Capital. That’s a key difference with the current administration, he added, even compared to President Donald Trump’s first term….
Here’s How a New US-Led Mineral Alliance Could Sideline China
