Qarmet Metallurgical Company Overcomes Multi-Billion Losses, Achieves Profitability

The Qarmet metallurgical company has successfully exited a period of multi-billion losses, reporting a net profit. For 2025, the enterprise's revenue reached 1.1 trillion tenge. President Kassym-Jomart Tokayev stated that cost optimization and investment attraction were key factors in improving the company's financial standing. Qarmet plans to invest $3.5 billion in modernization by 2028.

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