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Showing posts from June, 2010

Afghanistan's trillion dollar curse: lithium

The New York Times reports that a small team of American geologists and military personnel have discovered vast reserves of precious metals and minerals in Afghanistan , which profoundly transforms the destiny of this battered nation overnight: The previously unknown deposits - including huge veins of iron, copper, cobalt, gold and critical industrial metals like lithium - are so big and include so many minerals that are essential to modern industry that Afghanistan could eventually be transformed into one of the most important mining centers in the world, the United States officials believe. An internal Pentagon memo, for example, states that Afghanistan could become the "Saudi Arabia of lithium," a key raw material in the manufacture of batteries for laptops and Blackberries. (...) The value of the newly discovered mineral deposits dwarfs the size of Afghanistan's existing war-bedraggled economy, which is based largely on opium production and narcotics trafficking as we