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Chinese companies have shown interest in investing in Afghanistan’s lithium mines. As a result, some Chinese businessmen arrived in Afghanistan. They are now surveying the exact location of potential lithium mines inside the country.
Despite significant obstacles and risks, Chinese companies are still mainly interested in implementing these projects.
Moreover, the political situation, security, economy, and infrastructure have been cited as significant risks and challenges for Chinese companies to invest in.
“Chinese companies are most concerned about basic guarantees of security and social order in Afghanistan, said Yu Minghui, a Chinese company executive to the Chinese newspaper.
Taliban officials have already welcomed the investment of Chinese companies in Afghanistan, he stressed.
Furthermore, Zhou Shijian, a former vice president of the China Chamber of Commerce of Metals, Minerals, and Chemical Importers and Exporters, said that “Such projects would be challenged if security is not ensured.”
In the meantime, China is a significant investor in Afghanistan’s mining sector.
In addition, China had invested in the Logar Mes Aynak copper mine during the former government; however, it could not complete it.
On the other hand, the Taliban have not yet commented on China’s and its companies’ attention to Afghanistan’s lithium.
Earlier, the German government had expressed interest in investing lithium in Afghanistan.
The United States and American companies have long been considering investing in this rare element.
It is predicted that Afghanistan may have rich lithium resources, and if it is used, it could generate as much revenue as Saudi oil.
The Afghan Ministry of Mines and Petroleum said in early 2019 that it had launched a survey to identify the country’s primary lithium mines.
Afghanistan’s lithium mines are primarily located in Ghazni, Nimroz, and Herat provinces, according to possible forecasts,
Lithium is mainly used in batteries, especially mobile batteries, computers, airplanes, robots, and electric vehicles.
This rare metal gives batteries more energy while being lightweight, which is why more and more companies worldwide are now looking to achieve this metal.