Afghanistan copper and ironPresident Mohammad Ashraf Ghani has said Afghanistan will become the world’s largest producer of iron and copper in the next 15 years.

Ghani, who is on a two-day visit in India, said “Our advantage is our mineral resources; in next 15 years, we will become the largest producer of cooper and Iron in the world.”

According to President Ghani Afghanistan has 14 of the 17 rare earth materials in the world.

He also invited the the Indian industry to invest in their fertilizer and chemicals industry by tapping Turkmenistan gas.

Ghani said there are huge investment potential for the Indian industry to invest in Afghanistan’s gas, fertilizers and chemicals industries.

“In invite you to tap these industries based on Turkmenistan’s gas. If we don’t tap it then we will lose it to someone else. This will be a win-win situation for both of us,” he added.

Afghanistan’s Rare Earth Elements have been valued at around $1 trillion despite being one of the poorest nations in the world.

According to a US Geological Survey (USGS) survey report, Afghanistan may hold 60 million tons of copper, 2.2 billion tons of iron ore, 1.4 million tons of rare earth elements such as lanthanum, cerium and neodymium, and lodes of aluminum, gold, silver, zinc, mercury and lithium.

Afghanistan’s mineral resources were valued at $908 billion by U.S. Department of Defense’s Task Force for Business and Stability Operations (TFBSO) in 2010. However, Afghan government’s estimate is $3 trillion.