Iran is looking beyond oil, seeking to turn its underdeveloped rare-earth and critical-mineral resources into a new economic asset through deeper mining, technology and industrial cooperation within the SCO.
Iran Leverages SCO Membership to Enhance Rare-Earth Resource Development
Iran is seeking to enhance its economic prospects by developing its rare-earth and critical-mineral resources through collaboration within the Shanghai Cooperation Organization (SCO). This initiative marks a strategic shift from traditional oil dependency to diversifying its economic assets. The move is significant as it could strengthen Iran's position in the global minerals market.
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