The Ministry of Mines and Petroleum (MoMP) said that China and other countries are interested in investing in Afghanistan's lithium resources.
The majority of Afghanistan's lithium is known to be in the provinces of Kunar, Nuristan, and Helmand, according to Homayoun Afghan, the ministry's spokesman.
"A number of countries and investors have expressed interest in the lithium business in addition to the Chinese. The Chinese even said that they are prepared to invest $10 billion,” Afghan said.
The Islamic Emirate's cabinet will handle the process of turning over the mining contracts, a spokesperson said.
"We have large reserves of lithium worldwide. Our country is on the global list of those countries that are rich in lithium, and our lithium reserves are to a large extent in Kunar, Nuristan and Helmand provinces,” Homayoun Afghan stated.
"China is the largest market for new energy vehicles in the world. Lithium is especially important for the electric vehicle industry,” said Sieyar Qurishi, an economist.
Many new technologies use lithium, particularly in the production of batteries.