Tuesday, August 13, 2013

Afghanistan the “Saudi Arabia of lithium”

AUGUST 13, 2013  

Phantom Report

Source: Khaama Press

Post image for Afghanistan the “Saudi Arabia of lithium”
The Afghanistan’s natural resources are considered to be a silver lining for the economy of Afghanistan, as the NATO-led international coalition
security forces are preparing to leave the country.
The withdrawal of the NATO troops and reduction of international community’s aid to Afghanistan has created fears of economic crisis among the Afghans, however, there are optimisms that the natural resources of Afghanistan could play a vital role in economic development of the country.
U.S. agencies estimate Afghanistan’s mineral deposits to be worth upwards of $1 trillion. Afghanistan’s copper, cobalt, iron, barite, sulfur, lead, silver, zinc, niobium, and 1.4 million metric tons of rare earth elements (REEs) — may be a silver lining.
A classified Pentagon memo called Afghanistan the “Saudi Arabia of lithium.” (Although lithium is technically not a rare earth element, it serves some of the same purposes.)
Jim Bullion, who heads a Pentagon task force on postwar development quoted by The American said, the maps reveal that Afghanistan could “become a world leader in the minerals sector.”