Afghanistan is one of the poorest countries in the world. But in 2010, US military officials and geologists revealed that the country, which sits at the crossroads of Central and South Asia, was sitting on mineral deposits worth nearly $1 trillion that could dramatically transform its economic prospects.
Supplies of minerals such as iron, copper and gold are scattered across the country. There are also rare earth minerals and, perhaps most importantly, what could be one of the world’s biggest untapped deposits of lithium — an essential but scarce component in rechargeable batteries and other technologies vital to tackling the climate crisis…
Security challenges, a lack of infrastructure and severe droughts have prevented the extraction of most valuable minerals in the past. That’s unlikely to change soon under Taliban control. Still, there’s interest from countries including China, Pakistan and India, which may try to engage despite the chaos.
“It’s a big question mark,” Schoonover said.
Join the conversation as a VIP Member