Major Japanese rare earth find could negate China dependence
Japan has found a large deposit of rare earth minerals in its Pacific seabed, enough to supply its hi-tech industries for more than 200 years, a scientist said Friday.
Around 6.8 million tonnes of the valuable minerals, used in electric cars, iPods and lasers, are sitting under the seabed near a far eastern Japanese island, Tokyo University professor Yasuhiro Kato told AFP.
He said mud samples taken from an area near Minamitorishima island, some 2,000 kilometers southeast of Tokyo, indicated deposits amounted to around 220 times the average annual amount used by industry in Japan.
The seabed contained a substantial amount of dysprosium — a rare earth mineral used in the engines for hybrid cars, he said.
“Specifically on dysprosium, I estimate at least 400 years' worth of Japan’s current consumption is in the deposits,” said the professor, who examined mud samples taken from the seabed around 5,600 meters (18,300 feet) down.
“We can start drilling in the mud, using oil extraction technology, within three years at the earliest and start producing rare earth minerals within five years,” he said.
The confirmation of a significant find of rare earths in Japanese territory would be welcome news for Japan’s hi-tech industries who were caught in a political spat between Tokyo and Beijing in 2010 when China squeezed supplies.
China currently produces more than 90 percent of the world’s supply of rare earths, but has clamped down on exports of them in a move Beijing says is aimed at protecting its environment and conserving supplies.
But Japan, the European Union and the United States claim China is unfairly benefiting its own industries by restricting exports.