Chinese Companies Have Eyes on Afghanistan’s Lithium
The political situation, security, economy, and infrastructure have been cited as major risks and challenges for Chinese companies to invest in.
Afghan Voice Agency (AVA)_Chinese companies have shown interest to invest in Afghanistan’s lithium mines.
Some Chinese businessmen arrived in Afghanistan on Tuesday, November 23, and they are now surveying the exact location of potential lithium mines inside the country.
According to the Global Times, despite major obstacles and risks, Chinese companies are still particularly interested in implementing these projects.
Moreover, the political situation, security, economy, and infrastructure have been cited as major 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 major investor in Afghanistan’s mining sector.
In addition, China had invested in the 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.
According to international media reports, 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, could generate as much revenue as Saudi oil.
The Afghan Ministry of Mines and said in early 2019 that it had launched a survey to identify the country’s main lithium mines.
Afghanistan’s lithium mines are mostly located in Ghazni, Nimroz, and provinces, according to possible forecasts,
Lithium is mostly used in batteries, especially mobile batteries, computers, airplanes, robots, as well as .
This rare metal gives batteries more energy while being lightweight, which is why more and more companies around the world are now looking to achieve this .