Japan dives into rare earth mining under the sea
Asia Times - Business·2023-01-11 12:00
TOKYO – Japan’s effort to mine the seabed is moving from the research and development stage toward resource extraction as technological advance is spurred by the demands of national economic security.
If all goes according to plan, Japan’s current dependence on China for its rare earth metal supplies could be greatly reduced or eliminated by the end of the decade. China currently dominates global production, processing about 85% of the world’s rare earths.
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