IPFS News Link • Precious Metals
Japan finds 6.8 million tonnes of rare minerals used in electric cars, iPods and lasers
• http://www.rawstory.com, By Agence France-PresseJapan 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.
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 metres (18,300 feet) down.