Taliban inherit untapped $1 trillion trove of minerals

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[ICYMI] Taliban inherit untapped $1 trillion trove of minerals

The Taliban are already in a financial bind since they returned to power 20 years after their ouster, as major aid donors halted their support for Afghanistan.

Copper, which is needed to make power cables, became a hot commodity this year as prices soared to more than $10,000 per tonne.World demand for lithium is expected to grow by over 40 times by 2040, according to the International Energy Agency. The country's untapped mineral riches have been estimated at $1 trillion by the USGS, though Afghan officials have put it three times as high.

The state-owned China Metallurgical Group Corporation won rights in 2007 to lease the giant Mes Aynak copper ore deposit for 30 years and extract 11.5 million tonnes of the commodity. While Chinese leaders are"not enthusiastic" about the Taliban takeover,"they will not allow principle to stand in the way of pragmatism," Ryan Hass, a senior fellow at the Washington-based Brookings Institution think tank, said in a blog.

 

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Is theirs so lena le peinelwa mo kae? It's in their country so let em enjoy nxa

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