Experts are calling the discovery a game-changer for Japan’s economy.
Tokyo: Japan has revealed that it has discovered an unprecedented rare earth mineral under the Pacific Ocean. This is a discovery that could reshape Japan’s economy. Not only that, but this discovery could also change the balance of the global supply chain for rare earth elements. These reserves were worth a staggering $26 billion (Rs. 21,609,566,975,000) and were located near Minamitorishima, about 1,900 miles from Tokyo. The discovery could challenge China’s dominance in the rare minerals market.
This rare treasure is buried under the sea.
Buried 5,700 meters below the ocean floor, these massive deposits contain 230 million tonnes of rare earth elements, including cobalt and nickel, which are key components in the production of electric vehicle (EV) batteries and other advanced technologies. It is estimated that
This discovery was made possible through a joint study conducted by the Nippon Foundation and the University of Tokyo using a state-of-the-art remotely operated underwater vehicle.
What kind of minerals were discovered?
The manganese nodule region was first identified in 2016, but has only recently been mapped in detail, the report said. Exploration of the area revealed incredibly large reserves, including 610,000 tons of cobalt and 740,000 tons of nickel. These minerals are important not only for EV batteries, but also for jet engines, gas turbines, and various high-tech manufacturing processes. Additional traces of copper were also discovered, increasing the economic potential of the site.
Rare earth minerals and the future of Japan
Cobalt and nickel are essential elements for modern industry. Its role is particularly important in energy storage systems and green technologies. Demand for these metals is rapidly increasing as countries around the world move towards a sustainable energy future.
Japan’s newly discovered reserves could significantly reduce its dependence on foreign imports. By leveraging these reserves, Japan has the opportunity to establish a self-sufficient supply chain, strengthen domestic industry, and establish itself as a global leader in technology and manufacturing.
A big boost to the Japanese economy
Experts are already calling the discovery a game-changer for Japan’s economy, with long-term benefits that could extend far beyond raw material extraction. According to Professor Yasuhiro Kato of the University of Tokyo, environmental sustainability is a priority in the mining process. There are plans to begin mining in 2025, with thousands of tons expected to be mined each day.
