Subsea trove of rare minerals found near Japanese island
Rare earth minerals are economically valuable and technologically critical, forming components found in smartphones, computers and electric cars.
TOKYO — A plethora of rare earth minerals have been discovered on a remote Japanese island, according to new research published in Scientific Reports.
Researchers says that the seafloor surrounding Nishinoshima island is laden with enough 16 million tonnes of rare-earth oxides, the South China Morning Post reported, citing the study.
On a global scale, the study estimates that the find could meet 62 years of yttrium demand, 47 years of europium, 32 years of Terbium, and 56 years of dysprosium needs.
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