Japan announces "near infinite" supply of rare Earth metals found

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Binman4OSU

Legendary Cowboy
Aug 31, 2007
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Stupid about AGW!!
#1
Rare Earth metals such as yttrium, europium, terbium and dysprosium are used in the manufacturing of high tech products.

Up until this point China was the main country with large supplies of these metals and used them as bargaining chips against other countries who purchase these from China to support the high tech manufacturing process in their countries. In 2010 China held back supplying these rare Earth metals to the world which resulted in a 10X jump in pricing in high tech products.

However, Japan has announced they have found a 965 sq mile treasure trove of these materials under the Pacific Ocean just off their coast. They have estimated there is more than 16 million tons of rare Earth metals in the find
enough yttrium to supply the entire Global need for 780 years
enough europium to supply the Global need for 620 years
enough terbium to supply the global need for 420 years
enough dysprosium to supply the global need for 730 years.

However, it will be expensive to recover this metal from the seabed, but Japan is starting a feasibility test now and hope to be up and hope to have a plan in place in the next 5 years to mine

https://www.cnbc.com/2018/04/12/japan-rare-earths-huge-deposit-of-metals-found-in-pacific.html
 

Bowers2

Stackin' Joe's Cups
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Jul 31, 2006
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#2
Well this couldn't have come at a better time. An ally and trading partner with this access is surely an advantage against China.