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Reuters: Huge rare earth deposits found in Pacific: Japan experts

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#1 Mon, Jul 4, 2011 - 5:26am
33 and a turd
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Reuters: Huge rare earth deposits found in Pacific: Japan experts

Just saw this story on Reuters

Vast deposits of rare earth minerals, crucial in making high-tech electronics products, have been found on the floor of the Pacific Ocean and can be readily extracted, Japanese scientists said on Monday.

"The deposits have a heavy concentration of rare earths. Just one square kilometer (0.4 square mile) of deposits will be able to provide one-fifth of the current global annual consumption," said Yasuhiro Kato, an associate professor of earth science at the University of Tokyo.

The discovery was made by a team led by Kato and including researchers from the Japan Agency for Marine-Earth Science and Technology.

They found the minerals in sea mud extracted from depths of 3,500 to 6,000 meters (11,500-20,000 ft) below the ocean surface at 78 locations. One-third of the sites yielded rich contents of rare earths and the metal yttrium, Kato said in a telephone interview.

https://www.reuters.com/article/2011/07/04/us-rareearth-japan-idUSTRE763...

Edited by: 33 and a turd on Nov 8, 2014 - 5:05am
Mon, Jul 4, 2011 - 6:21am
bobby
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sorta, kinda like the huge

sorta, kinda like the huge gold and other precious stuff in Afghanistan

that one was based on an old map, probably with arrows and stuff pointing to where the good stuff is hidden

and then there's the corn report from last week, and the unemployment numbers, oh and don't forget about how there's no inflation too

now comes a great new discovery which of course is buried somewhere in the vicinity of Davy Jones' locker

Mon, Jul 4, 2011 - 7:57am
The man who stole a leopard
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AVL

The AVL train coming back to the station. Get on-board this time?

Mon, Jul 4, 2011 - 11:30am
FogHorn LegHorn
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Low radiation.

Low Radiation, one fifth of on land deposits,high concentrations of the heavy rare earths,easily extracted simple acid leach,contained in mud to be pumped from the sea floor.If all of the above turn out to be true then this has potential to totally change the current market dynamics in rare earths.Huge news!Imo.Foggy.

Mon, Jul 4, 2011 - 1:30pm
leadbrasssilver
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you guys are soooo trusting.....

Maybe the US government can sell the Japanese this ship for their, ahem, exploration and recovery efforts? https://www.faqs.org/espionage/Fo-Gs/Glomar-Explorer.html

wink

Long Bankers, Short Rope. I love it when a plan comes together.

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