Daily SumUp

Kazakhstan discovered its largest deposit of rare earth metals, containing around one million tonnes of the elements that are seen as vital for the future economy, the Central Asian country said Wednesday.

Rare earths comprise 17 raw materials that are essential for the green energy transition and highly sought by the likes of China, Russia, the United States and Europe.

"As of today, this is the largest rare earths deposit" in Kazakhstan, a spokesperson for the industry ministry told AFP.

The deposit -- in central Kazakhstan's Karaganda region -- contains cerium, lanthanum, neodymium, and yttrium, they said.