Trump sons invested in US group developing $1.1B tungsten project in Kazakhstan: FT
- •Hey everyone, just read this interesting article on Mining.com about Trump Jr.
- •Tungsten is definitely a critical metal, and the demand is only going to grow, especially with all the electrification happening.
- •Kazakhstan also has some serious resource potential.
Hey everyone, just read this interesting article on Mining.com about Trump Jr. and Eric Trump investing in a US group developing a huge tungsten project in Kazakhstan: https://www.mining.com/trump-sons-invested-in-us-group-developing-1-1b-tungsten-project-in-kazakhstan-ft/
My initial reaction is, wow, that's a pretty bold move. Tungsten is definitely a critical metal, and the demand is only going to grow, especially with all the electrification happening. Kazakhstan also has some serious resource potential. As someone who's been looking at junior miners and critical metal plays for my own portfolio, the sheer scale of a $1.1B project immediately catches my eye. It also makes me wonder about the geopolitical angle here – Central Asia can be tricky. I typically stick to more established markets, but the potential returns in these frontier areas can be massive if you've got the stomach for the risk. My wife keeps telling me to stop eyeing these "spear-fishing" opportunities and stick to our retirement fund's diversified ETFs, but a part of me always looks for that diamond in the rough.
The article mentions they're using a shell company, which, while not uncommon, does add a layer of complexity from a transparency standpoint. I'm curious if anyone else has looked into Skyline Builders or projects of this scale in Kazakhstan. Are there any other resource investors here with experience in that region? What are your thoughts on this investment, both from a business and a… well, a broader perspective? Always good to hear what the community thinks!