Rare Earth Minerals not so Rare Anymore

Digital gadgets like smartphones and tablets need rare earth minerals. A new discovery by Japanese scientists could have major impact on the rare earth market and maybe drive down prices for iPad and similar devices.

Right now almost all rare earth minerals come from China. The world is pretty much dependent on China for this stuff. The new discovery could lead to 80bn to 100bn tons of rare earth. This is a huge amount compared to what is known to be available so far with 110m tons

The under water rare earth deposits are close to Hawaii and Tahiti, but still in international waters. The rare earth found include yttrium (photo), dysprosium (for magnets) and tantalum.

More details on The Guardian site.

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