Since the Taliban returned to power in August 2021, Afghanistan has drawn growing international attention for its enormous reserves of rare earths and strategic minerals essential to the global energy transition. The country is believed to hold more than €1 trillion in resources, including copper, lithium, cobalt, iron, uranium, chromite, mercury, and rare earth elements, as well as valuable gemstones and gold. Often described as the “Saudi Arabia of minerals,” Afghanistan has become the focus of a geopolitical race for supplies. While Europe and the United States remain hesitant to engage with a regime accused of serious human rights abuses, countries such as China, Russia, Turkey, Qatar, Pakistan, and India are already positioning themselves in Kabul to secure access to these critical resources.
