AGP Executive Report
Last update: 12 hours agoEnergy and Transport: Mongolia’s fuel crunch pushed AI-92 gasoline up about 550 tugriks per litre to 3,600. The government plans 500 EV charging stations over two years as Chinese electric vehicles gain traction. A new 127-kilometre railway bypassing Ulaanbaatar is designed to shift freight, ease congestion and support exports and logistics. Copper Processing: Prime Minister Uchral urged faster work on Erdenet’s planned $772 million copper smelter, which is designed to process 560,000 tonnes of concentrate and produce 124,000 tonnes of cathode copper annually. Agriculture: The 2026 harvest is expected to meet all domestic wheat, flour and potato needs. Mongolia’s first organic livestock-feed plant has expanded capacity tenfold, to 50 tonnes a day. Trade and Investment: Foreign trade rose 34.6% to $25.9 billion in the first nine months, driven largely by mining exports. Mongolia and Saudi Arabia also signed an energy cooperation agreement covering oil and gas, renewables, electricity and energy storage.
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