Afghanistan is estimated to possess trillions of dollars worth of rare-earth metals, and countries such as China looking to pounce in on the country must comply with international guidelines.
- Shamaila Khan, director of emerging market debt at AllianceBernstein stated that Taliban insurgents have come out with minerals in Afghanistan that can be exploited.
- Afghanistan plunged into the control of the Islamist militant group over the weekend, as it captured the capital of Kabul and the President Palace.
- The Taliban made remarkable battlefield progress and nearly the whole country is under the Insurgents’ control after President Joe Biden’s decision to withdraw U.S. troops from Afghanistan.
- Khan further stated that the international community should pressure China if it goes ahead to ally itself with the Taliban.
Rare earth metals in Afghanistan are estimated to be worth between $1 trillion and $3 trillion in 2020. The rare earth elements include lanthanum, gold, silver, mercury, and cerium among others.
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Source: CNBC
