July 05, 2011
Rare Dirt

Japanese surveyors have announced the discovery of huge off-shore deposits of rare earth minerals. While not as rare as their name would imply, these minerals are critical to the electronics industry and the current supply is almost completely dominated by China. Breaking that monopoly has been a goal of the Japanese government ever since China decided to rattle their cage with an embargo over a territory dispute last year. It remains to be seen if the resources can be exploited economically.

Posted by scott at July 05, 2011 10:07 AM

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