Russian media: Japan may shake the Chinese monopoly on rare earth market
Recently, Japanese zone near the south Pacific Ocean waters near the bird island is of rich found high concentrations of rare earth mineral deposits, stocks than the amount of all rare earth mines found on earth more than one hundred times. Russian media said, the discovery of these rare earth mine earlier, Japan may shake in the rare earth market monopoly in China.
It is understood that these rare earth minerals on the ocean floor only 2 to 4 meters deep, though its total depth is 5700 meters, but according to Tokyo university professor kato yasuhiro miyata, mining of spending will be extremely low. Geological exploration work, he argues, will continue for about 2 years, then you can start production.
If this information is true, then the real revolution in the rare earth market will occur. Russian academy of sciences institute of the far east in vallejo, director of the Japan center - Keith she also take the same view.
He said: "this information is very important. Maybe, even The Times significance. Japan 100% rely on imports. The material used in automobile and electronic industry, and these two areas, is a mainstay of the Japanese economy. Japan learnt the lessons from the events of 2010. At that time, China had to terminate exports to Japan of rare earth resources."
Tokyo announced shortly thereafter, on the Pacific Ocean for the first time found the huge reserves of rare earth mineral deposits. And, its rare earth reserves than even the land discovered resources total one thousand times more.
Newly discovered resource base will help Japan to completely get rid of dependence on China. In the south Pacific is the only bird island a mining platform production can meet the demand of Japan's years. The quantity is quite big, because 50% of the world's rare earth raw materials imported from Japan.
The Japanese have not only the idea of mining the sea from its bed. U.S. lockheed Martin UK recently has also announced that want to use high concentrations of composite metal material extracted from underwater robot. They will working on it in the middle of the Pacific region.
From the seafloor mining rare earth resources is a new development direction. The implementation of these projects, could lead to China's rare earth prices tumbling, supply greater than demand will make its price falling, this means that China will lose its monopoly status. Followed by, China will lose rare earth high profit brought by the high price.