China eyes Afghanistan's lithium reserves, offers to invest $10 billion

#SouthAsiaNews #SouthAsiaNewsline #China #Taliban #Afghanistan

Taliban's Minister of Mines and Petroleum Shahabuddin Delawar said that a Chinese Company has expressed its interest in investing $10 billion to mine the country’s massive lithium reserves and help construct other infrastructure there. Delawar met the Chinese company representatives in Kabul and said that the investment would create 120,000 direct, and a million indirect jobs in the country. The Taliban arguably perceives Beijing as a potential source of economic investment following the US withdrawal. Since the Taliban takeover in 2021, China has increased its influence via economic ties with the current regime. The Taliban-ruled Afghanistan saw its first significant foreign investment in January 2023 when a Chinese firm signed a 25-year-long, multimillion-dollar contract to extract oil.


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