Bush, Cheney and Halliburton. It's only a matter of time.
Afghanistan: The Saudi Arabia of Lithium
Source: Alan W. Dowd, "Afghanistan's Rare Earth Element Bonanza," The American, August 13, 2013.
September 3, 2013
After more than a decade of war and nation building, members of the International Security Assistance Force (ISAF) in Afghanistan are heading for the exits. Although what the ISAF will leave behind is better than what was there in 2001, Afghanistan remains a battered land. However, the resources Afghanistan's land holds (copper, cobalt, iron, barite, sulfur, lead, silver, zinc, niobium, and 1.4 million metric tons of rare earth elements) may be a silver lining, says Alan W. Dowd, a senior fellow with the Fraser Institute.
U.S. agencies estimate Afghanistan's mineral deposits to be worth upwards of $1 trillion. In fact, 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.)
U.S. agencies estimate Afghanistan's mineral deposits to be worth upwards of $1 trillion. In fact, 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.)
- Of course, the fact that Afghanistan is rich in minerals is not necessarily new information. The Soviets identified mineral deposits in Afghanistan during their decade-long occupation.
- What is new is the volume and precision of mineral-related information.
- Afghanistan has been mapped using what is known as "broad-scale hyper-spectral data" -- highly precise technologies deployed by aircraft that, in effect, allow U.S. military and geological experts to peer beneath Afghanistan's skin and paint a picture of its vast mineral wealth.
- According to Jim Bullion, who heads a Pentagon task force on postwar development, these maps reveal that Afghanistan could "become a world leader in the minerals sector."
- Afghanistan can be part of the long term solution to the rare earth elements supply problem. However, building a rare earth mining system from scratch in one of the world's most broken countries will not happen overnight.
- Corruption remains a challenge, stability and security exist only in pockets, and the ingredients that encourage foreign investment -- the rule of law, human capital and infrastructure -- are in short supply.
- For instance, political dysfunction is plaguing efforts to build rail lines considered crucial to transporting Afghanistan's mineral wealth.
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