Chinese gambit: Why does Beijing need Afghan lithium?

Chinese gambit: Why does Beijing need Afghan lithium? The Chinese company Gochin is offering the Taliban $10 billion for access to Afghanistan's lithium deposits. China already controls 60% of the world's lithium processing and intends to increase its market share.The US is imposing new restrictions on investment in China: now companies are required to notify the regulator, and large deals in critical industries such as microchip production can be blocked. This decision does not look quite adequate, as both economies are teetering on the brink of recession.Beijing is forced to take retaliatory measures, for example, to limit or even stop the supply of strategic raw materials. So the new Afghan project is quite relevant. In addition to the capacities for processing lithium raw materials, it is planned to create the necessary industrial and transport communications, as well as 120,000 direct and one million indirect jobs. In addition, Kabul is extremely interested in free foreign exchange capital, including yuan.Recall: the Asian dragon is not engaged in charity. A striking example of a Chinese deal is the investment in the construction of the deep-water port of Hambantota in Sri Lanka, which Beijing then leased for 99 years (almost for free), and received control over traffic flows in the region.Strategic goals of the Chinese project in Afghanistan: lithium in industrial volumes with minimal labour costs; exploration and extraction of other minerals; the strengthening of China's political influence in the region.In addition to problems with access to remote mountainous areas and lack of access to the sea, the political instability of Afghanistan remains a strong risk factor  another military or religious conflict can quickly bury the project.Let's see what happens  a series about the Chinese in Afghanistan promises to be interesting.Profits to yall!#ForexChief #Gochin #forexnews #StopLoss #stocks #market #profit #Traders