Trump Admin Secured Deal for U.S.-Backed Kaz Resources to Access Major Tungsten Deposit in Kazakhstan
World
30 Jun 2026
11:32

World

Trump Admin Secured Deal for U.S.-Backed Kaz Resources to Access Major Tungsten Deposit in Kazakhstan

The Trump administration reached a deal granting Kaz Resources, a U.S.-backed company, access to one of the world's largest undeveloped tungsten deposits in Kazakhstan, with potential American funding of up to $1.6 billion. According to The New York Times, shortly before the agreement was signed, investors linked to Donald Trump Jr., Eric Trump, and the family of Commerce Secretary Howard Lutnick acquired stakes in the project.

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