BAKU, Azerbaijan, October 19. Uzbekistan and
global commodities trader Traxys discussed expanding cooperation in
critical minerals, advanced raw-material processing, and the
production of higher-value industrial goods during a meeting
between Uzbek President Shavkat Mirziyoyev and Traxys CEO Mark
Kristoff in Samarkand on October 19.
This was reflected in the statement by the press service of the
Uzbek president.
According to the information, the meeting focused on expanding
the mutually beneficial partnership between Uzbekistan and the
company, according to the Uzbek president’s press service.
The sides noted that cooperation had advanced over the past
year, with contractual agreements signed and Traxys opening a
regional office in Tashkent, its first in Central Asia.
Particular attention was paid to joint projects involving
critical minerals, deeper processing of raw materials and the
production of industrial goods with higher added value using U.S.
technologies.
Traxys is a global physical commodities trader and merchant
specializing in metals and natural resources. Its portfolio
includes nonferrous metals, ferroalloys, industrial minerals, rare
earths, battery-related critical minerals, and other raw materials
used in manufacturing and energy-related industries.
The company operates through more than 20 offices worldwide and
employs over 450 people. Its activities include sourcing, trading,
marketing, distribution, logistics, supply chain management, and
financing for metals and mineral products.
In May 2026, Traxys officially opened its regional office in
Tashkent, citing its commitment to Uzbekistan and the development
of business opportunities across Central Asia. In June, the company
also announced agreements with Uzbekistan’s Technological Metals
Complex (TMK) to strengthen cooperation in critical minerals supply
chains.
