US Indentifies Vast Riches of Minerals in Afghanistan…

…which means China will be right there to scoop up the deals right from under our noses, if the war in Iraq was any harbinger, The New York Times reported.

You should buy Chinese Mining companies right now. They will undoubtedly be in the running for the prosperous deals. Jim Rogers delineated several to think about in A Bull In China, although these were just food for thought and not investment recommendations.

“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 BlackBerrys. ”


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