Thursday, February 22, 2024

China to Invest in Afghanistan’s Lithium Deposits

Immigration News

Fidel Rahmati
Fidel Rahmati
Fidai Rahmati is the editor and content writer for Khaama Press. You may follow him at Twitter @FidelRahmati
Representative Image.

China and several other countries are reportedly interested in investing in Afghanistan’s lithium deposits, according to the Ministry of Mines and Petroleum (MoMP).

“Several countries and investors have expressed interest in the lithium deposits in addition to the Chinese. The Chinese even said they are prepared to invest $10 billion,” said Homayoun Afghan, the ministry’s spokesperson.

“We have large reserves of lithium worldwide. Our country is on the global list of countries rich in lithium, and our lithium reserves are largely in Kunar, Nuristan and Helmand provinces,” Afghan added.

Earlier in April, the Ministry of Mines and Petroleum said that a Chines company, Gochin expressed its interest in investing $ 10 billion in Afghanistan’s lithium resources.
The statement said the investment would create 120,000 direct and a million indirect job opportunities in the country.

In addition, the company would construct a new tunnel and rehabilitate the Salang Pass during the next seven months, according to the statement.

The company emphasized that the lithium reserves would be processed within the country and that a hydroelectric dam and asphalting of Kumar and Laghman Road would also be constructed.

Since the Taliban took control of the country, China has influenced the country through economic and investment ties with the current regime.

Several media sources claim that Chinese businesses have long wished to access Afghanistan’s vast and rich lithium mines, which are thought to be worth more than $3 trillion.

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