Japan finds rich rare earth deposits on seabed | Bangkok Post: news

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Japan finds rich rare earth deposits on seabed

Japanese researchers said Thursday they have found a rich deposit of rare earths on the Pacific seabed, with reports suggesting it could be up to 30 times more concentrated than Chinese reserves.

Rare earths undergoing processing in large steel pipes are cooled off with dripping water at a privately-owned factory on the outskirts of Baotou city in Inner Mongolia, northwest China on April 21, 2011.

Mud samples taken from 5,800 metres (19,000 feet) below the waves contained highly concentrated amounts of the precious minerals, which are vital for high-tech manufacturing and used in products including wind turbines and iPods.

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