China Plans 13 Trillion Won Investment in Afghan Lithium Development
Expected Creation of 120,000 Jobs
China is cooperating with the local Taliban government to secure Afghanistan's lithium resources.
According to foreign media on the 15th (local time), Afghanistan's Ministry of Minerals and Petroleum announced on the 13th that the Chinese company Gochin expressed its intention to invest $10 billion (about 13 trillion won) in lithium development in Afghanistan.
Shahabuddin Delawar, acting Minister of Minerals and Petroleum, met directly with the Gochin delegation in the capital Kabul. The Ministry of Minerals and Petroleum stated, "This investment will create 120,000 direct jobs and about 1 million indirect jobs."
Lithium is a key material for batteries in various electronic devices such as electric vehicles, mobile phones, and laptops. It is estimated that Afghanistan has deposits worth over $1 trillion (about 1,300 trillion won).
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The Taliban government, suffering from severe economic difficulties due to Western sanctions, is seeking a way out through cooperation with China.
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