Mongolia Weekly

06/10/2026

The 2026 Mongolia Minerals Law is a major mixed bag. New copper royalties and strict conversion caps are shaking up the mining landscape, leaving investors to wonder if their portfolios are exposed. Check out our full breakdown on project risks and investor strategies: https://www.mongoliaweekly.org/post/why-the-2026-mongolia-minerals-law-is-a-mixed-bag-for-investors

Is the 2026 Mongolia Minerals Law a major risk or a massive opportunity for mining investors? Discover how new copper royalties and strict conversion caps impact your portfolio.

06/09/2026

Mongolia has rebranded its sovereign wealth fund aiming to distribute mineral wealth to citizens.

But is this real structural reform or just a cosmetic fix for old commodity risks?

Read more at https://www.mongoliaweekly.org/post/inside-mongolia-sovereign-wealth-fund

06/08/2026

Cheap Russian wheat arrives in July. Mongolia still leaves 548,000 hectares of arable land unused. The government calls it a transition period. Farmers may see it as a deadline. Read: https://mongoliaweekly.org/post/mongolia-s-farmers-not-ready-for-cheap-russian-imports

As cheap Russian wheat looms, Mongolia’s farmers face a critical reckoning. Discover how free trade risks exposing deep systemic flaws in food security.

06/04/2026

Mongolian PM Uchral’s first 50 days reveal economic bottlenecks, a 1.7T MNT budget gap and intensifying public backlash after recent mining and military incidents. Read full piece: https://www.mongoliaweekly.org/post/mongolian-pm-uchral-s-first-50-days

Mongolian PM Uchral’s first 50 days face economic bottlenecks, a 1.7T MNT deficit, and public outrage over military and mining tragedies. Read our full analysis.

06/03/2026

Mongolia’s $1.7 billion refinery project, intended to strengthen domestic energy capacity, may still leave the country dependent on Russian crude. This raises important questions for policymakers. Read the analysis: https://www.mongoliaweekly.org/post/mongolia-oil-refinery-may-leave-it-dependent-on-russian-crude

Mongolia's long-delayed $1.7 billion refinery could end up relying on Russian crude, raising fresh doubts about energy independence.

06/02/2026

A massive win for Mongolia's mining sector: management fees at Oyu Tolgoi are being halved as the government pushes for broader loan restructuring.

While a $2.2B cost reduction looks great on paper, the real battle lies ahead. With rising copper prices shifting the landscape, how will this deal impact future dividends and unresolved shareholder loans? Read more at: https://www.mongoliaweekly.org/post/mongolia-secures-oyu-tolgoi-fee-cut

Oyu Tolgoi fee cuts save Mongolia $2.2B, but the real battle lies ahead. Discover how rising copper prices and unresolved shareholder loans impact dividends.

05/27/2026

The Ulaanbaatar mayor’s ousting isn't just about meat reserves. It's a calculated power play. As PM Uchral solidifies control before elections, what's next? Read here:
https://www.mongoliaweekly.org/post/why-the-ousting-of-ulaanbaatar-s-mayor-is-really-a-power-play-by-pm-uchral

05/26/2026

Mongolia is scrapping its planned VAT refund expansion so it can afford to raise public sector wages. This isn't just a simple, one-time budget tweak. It's a clear sign that the government is facing deep, structural budget pressures.
In our latest quick analysis, we break down what this policy shift means for the country's long-term economic stability and why it poses real fiscal risks.
Read the full breakdown here:

Mongolia’s government scraps the planned Mongolia VAT refund expansion to fund public sector wages. Discover the hidden structural risks behind this fiscal shift.

05/25/2026

Mongolia’s M2 money supply hit 51 trillion tugriks, but capital stays parked in deposits. Mongolbank keeps a hawkish 12% policy rate, but monetary policy cannot fix structural inflation driven by a 50% meat price spike and rising fiscal spending. Is a June rate hike next? https://www.mongoliaweekly.org/post/mongolia-inflation-2026

Mongolia inflation hits 10% amid surging meat prices and fiscal spending. Discover why Mongolbank’s policy rate hikes fail against these structural risks.

05/20/2026

Mongolia is racing against a brutal winter freeze. The government just ordered an emergency six-month blitz to deploy 240 megawatts of solar power across five provinces. Why? To save a failing, legacy grid from catastrophic winter blackouts. Here is our full breakdown: https://www.mongoliaweekly.org/post/inside-mongolia-s-dash-for-winter-solar-power-to-beat-upcoming-blackouts

Can Mongolia solar power projects stop winter blackouts? Inside the massive 240MW rush to shore up a failing Soviet-era grid before freezing hits.