RBC Capital Markets Managing Director Helima Croft joins Closing Bell to debate China’s function in Afghanistan and the seek for uncommon earth minerals within the area. For entry to stay and unique video from CNBC subscribe to CNBC PRO:
Afghanistan is estimated to have trillions of {dollars} price of uncommon earth metals, and international locations — similar to China — which may be seeking to swoop in on the nation should observe worldwide phrases, one analyst instructed CNBC.
Shamaila Khan, director of rising market debt at AllianceBernstein, stated the Taliban insurgents have emerged with assets which might be a “very harmful proposition for the world,” with minerals in Afghanistan that “might be exploited.”
Afghanistan fell into the arms of the Islamist militant group over the weekend, because it seized the capital of Kabul in addition to the Presidential Palace. After President Joe Biden’s April choice to withdraw U.S. troops from Afghanistan, the Taliban made beautiful battlefield advances — and almost the entire nation is now beneath the insurgents’ management.
The worldwide neighborhood ought to put strain on China, as an example, if it seeks to ally itself with the Taliban, Khan added.
Afghanistan’s uncommon earth minerals
Minerals and uncommon earth metals in Afghanistan had been estimated to be price between $1 trillion and $3 trillion in 2020, in keeping with a report in information journal The Diplomat, citing Ahmad Shah Katawazai, a former diplomat on the Afghan Embassy in Washington D.C. A report by American information group The Hill earlier this yr put the worth at about $3 trillion.
“It must be a world initiative to be sure that if any nation is agreeing to take advantage of its minerals on behalf of the Taliban, to solely do it beneath strict humanitarian circumstances the place human rights, and rights for ladies are preserved within the state of affairs,” Khan instructed CNBC’s “Squawk Field Asia” on Tuesday.
The Taliban’s harsh interpretation of Islam has meant that ladies’s rights had been curtailed, earlier than the U.S. toppled its regime in 2001.
Afghanistan has uncommon earth components similar to lanthanum, cerium, neodymium, and veins of aluminium, gold, silver, zinc, mercury, and lithium, in keeping with Katawazai. Uncommon earths are utilized in every part from electronics to electrical autos, and satellites and plane.
“So there must be strain on China if they’re going to do alliances with the Taliban with a purpose to generate financial assist for them — that they do it on worldwide phrases,” stated Khan. She was responding to a query on the industrial motivation behind China’s nod to the Taliban a day after the militants took over the nation — given the trillions of {dollars} price of uncommon earths there.
China poised for larger function in Afghanistan?
Solely hours after the Taliban overran Afghanistan, a overseas ministry spokeswoman stated Beijing was prepared for “pleasant cooperation with Afghanistan.”
“On the idea of absolutely respecting the sovereignty of Afghanistan and the desire of all factions within the nation, China has maintained contact and communication with the Afghan Taliban and performed a constructive function in selling the political settlement of the Afghan challenge,” stated spokeswoman Hua Chunying at a press convention on Monday.
In keeping with Hua, the Taliban stated “on a number of events” that it “seems to be ahead to China’s participation in Afghanistan’s reconstruction and growth.”
“We’re able to proceed to develop good-neighborliness and pleasant cooperation with Afghanistan and play a constructive function in Afghanistan’s peace and reconstruction,” Hua stated.
In late July, earlier than the Taliban’s newest blitz throughout Afghanistan, China’s Overseas Minister Wang Yi met with a delegation led by the top of the Afghan Taliban political committee Mullah Abdul Ghani Baradar in Tianjin.
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Long Live Students of Afghanistan. 🏳
So is this all about electrification and lithium deposits with Biden administration dealing with Taliban and Chinese to extract those mineral deposits at the expense of those Americans left there? Are we going to see 9-11 Ver. 2?
IMPEACH BIDEN! Why? Why would the President remove the Military
from Afghanistan "BEFORE" American People, Contractors and other
people that helped Military and Military assets.
President Biden gives me the impression he has the
brains of and Ice Cube.
Why US pulled out? Scared of Taliban?
USA should talk about failure achievement for twenty years continued,,,, what should be next lessons to meet to owned citizens. Its time to close all military base outside USA better. Let the Non USA citizens to live in peace. It's time of China and Muslims alliance included Russia. Enough is enough.
Taliban knows the value of money too !
China is ready to rebuild Afghanistan and bring modernity and prosperity to the country.
A prosperous and stable Afghanistan will not be a threat to China.
China sees Afghanistan as a FUTURE market of 40 million consumers.
These people know nothing about Afghanistan. China have already known that the Talibans were winning. That's why the Talibans met with China's foreign minister on July 29 on Tianjin. It won't be long before China send their engineers and heavy machinery to build the infrastructure for the Afghans in exchange for access to their minerals.
How is the smell of Economic fruits of fascism, Female Genocide, Gender Apartheid ?
Never ever trust the USA go for China more , since years USA doesn’t have respect to any country it’s all about there benefits .
I read that hunter is heavily invested in chinas technology. Coincidence?
If the US tolerate the Saudis for years because they have oil. Why shouldn't the Chinese tolerate the Taliban because they have rare earth. If the US can make the Saudis to what you see today. Why can't the Chinese make the Taliban into like how the Saudis today.
haha, 20 years of occupation Afghanistan has turned many american politicians into billionaires.
really very nice news all power full litiam in afganistan waaooooooow
Clearly the invasion of Afghanistan and other countries is not about democracy or freedom but stealing other nation's natural resources. How bout paying the right price for those resources instead of destroying entire nations to steal. However they invade and destroy defenseless small countries. Why don't you invade Russia or China? Sorry, they have what to answer with. I wonder how they would like for somebody to come a invade their houses to steal what by nature belongs to them.
Afghanistan is also the top importer of the heroin epidemic as bayer aspirin is controlling that in the u.k.
us needs to take north korea now.
China made the Taliban an offer they couldn’t understand.
Damn! China is winning everywhere 😢
So you try to convince us that America had been in Afghanistan for 20 years and didn't extract any of those rare minerals ?!!!!!🤥🤔🤔
Now now. Lets go install freedom to Venezuela. They have oil reserve
20 f ing years, but we DIDN'T KNOW ABOUT THESE MINERALS ??
rare earth which is critical to US !
WHAT A BUNCH of f dards !!!
20 years of sitting on our thumbs.
US foreign policy = go in by force and destroy, destroy, destroy. China foreign policy = go in with money and build, build, build. Which policy do you like better?
You spend 2 trillion and lost control of Afganishtan.
So we invaded Afghanistan for Lithium? OMG
So you guys still talking after all the humiliation? 😀
Shut up and leave them alone now..!!
China is just using the talibans as a condom.
Afghanistan does not even crack the the top 10 in largest Lithium deposits (BTW, the state of Nevada does). Also, Afghanistan’s lithium deposits are fairly isolated and far from any good roads or well developed towns. Constructing new Lithium mines as well as the needed infrastructure in Afghanistan would not be worth the investment until the price of Lithium spikes and maintains a high price for years. We just don’t see that happening right now. Our market supply is still very plentiful.
I give China ~18 months to develop, mine, extract and process Afghanistan's $1 Trillion of Lithium.
Uyghurs are treated like royal instead of genocide (we majority think Uyghurs are beautiful, smart, as brave as nomad) inside China! Please watch some recent videos by Uyghur themselves.
https://www.youtube.com/watch?v=uLoGWolCMKg&lc=z22jjnzxkuebeppar04t1aokgzi4zwtjbjoi3bma1pf2bk0h00410.1533508901405435%3F
Channel: https://www.youtube.com/channel/UCRc63ZkXuzAWGzaJVEe_hxA/videos
https://www.youtube.com/watch?v=CNpgvjYewhU
https://www.youtube.com/c/RealXinjiang/videos
May taliban able reign the Afghanistan just like the Saudi or maybe better. Using the trilion dollar mineral to generate economy and development of Afghanistan.
No body care what Taliban do to their own Mother, daughters and sisters. US Government will not allow illegal trade of Afghanistan minerals however powerful groups in US will do it and they are untouchable.
How dare China exert their influence at a country that borders them. What gives them the right to have diplomatic missions with their neighbors, instead of travelling half-way across the world building bases and invading poor countries.
Be careful with what the news is telling u we are all scared and angry we will find comfort in contagious beliefs and leave the facts aside.
We have to fight together not against eachother specially now.
Sorry to burst your bubble but in Texas there is a place called round top mountain where there is over 100 years of rare earth minerals.
Taliban are very dedicated folk, very sincere in what they do. They would be amazing evangelists. Those of us that are believers in Jesus, let's pray for them that they would turn to the truth, and start promoting the only True Living God of the Bible.
Let's pray that they would have dreams, visions and visitations, that they would be healed in soul, and would spread Gods love, not sword to others in their land..
Trump'n'Musk + Erik Prince ….Own…"The Taliban"
'
what america has to buy and trade instead of steal and murder
Bla bla bla China, bla bla bla Pakistan bla bla nuclear armed nation bla bla bla.
The American Imperialism Playbook is to:
1) Cause tension and instability through foreign policy and the media
2) Go into a country with air strikes and troops AND/OR fund the opposing side with weapons and training
3) Accomplish the push for 'regime' change by setting up a puppet government.
The result is the control of said country's natural and manufactured resources.
China mocking America after taliban took control over Afghanistan even after 20 years. China wants all mineral resources in Afghanistan. America must act fast else China will outsmart and it will be big blow to America's superpower status. America must not give up. Entire world is questioning America.
It should read : Afghanistan has billions of dollars of resources that the western imperialists want for themselves 👍
Why focus on Afghanistan conflict when US allie Israel is killing people and removing them from their own land… This is brainwashing
Why’s America acting 🎭 like they never invaded Afghanistan for its minerals you fools you only invade country’s because of your benefits and then act like your their to help USA created taliban why and funded them USA is right now the biggest terrorist organisation they create terrorist and still claim to be innocent
the saint US had war for 20 years in afg to prevent china to make battery pollut the planet. thank you.
When your 50 years ahead and trying to do business with barbarians. 🙄
Or Maybe we did think about pulling out Military first since China is Probably telling this Administration to what to do.