Japan Finds Rare Earth Elements in Seabed

Japan Finds Rare Earth Elements in Seabed

Japanese researchers have discovered an estimated 100 billion tons of rare earth minerals in the Pacific Ocean floor. These minerals are a vital component of many hi-tech devices, including hybrid cars, flat-screen TVs, iPods, superconductors, lasers, missiles, night-vision goggles, and wind turbines. Currently, China produces 97 percent of the world’s rare earth metals. In recent years, it has cut export quotas, citing environmental concerns and domestic demand. This has led to accusations of strategic hoarding and price gouging. If recovering the minerals from the seabed proves commercially viable, the deposits could expand the world’s reserves 1,000-fold. More… Discuss

Leave a Reply: (What... You're shy?)

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s