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Turkey proposes new authority to oversee critical minerals

(MENAFN) A new proposal in Türkiye aims to establish a dedicated authority for critical minerals to assess the country’s potential in rare earth elements (REEs), according to Ibrahim Halil Kirsan, chair of the Turkish Union of Chambers and Commodity Exchanges (TOBB) Mining Council.

Kirsan highlighted that REEs are vital for electric vehicles, batteries, renewable energy, industrial robotics, and defense, and are central to trade disputes between China, the US, and the EU. He described the growing global demand for critical minerals as a “new industrial revolution,” warning of a potential mineral supply crisis akin to the 1970s oil shocks.

Türkiye, he noted, ranks eighth in mineral diversity, 22nd in reserves, and 28th in value, making it a strong candidate for REE development. Current experimental work is underway at Eti Maden’s Beylikova REE pilot plant in central Türkiye.

Kirsan emphasized that China dominates around 70% of global critical mineral production and almost 90% of REE refining, and called for international collaboration with the US, Japan, South Korea, Australia, and European countries.

He proposed creating a national critical minerals strategy and a coordinating authority to unify efforts across Türkiye’s Energy and Natural Resources, Industry and Technology, and National Defense ministries. The new agency would evaluate mining potential, manage supply-and-demand needs, and ensure projects deliver results.

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