Rare Earth Minerals Not So Rare Anymore

Posted: Jul 4 2011, 9:42am CDT | by , Updated: Jul 4 2011, 10:08am CDT, in News | Technology News

Rare Earth Minerals not so Rare Anymore

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Japanese scientists discover large rare earth deposits on the floor of the Pacific Ocean.

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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The Author

<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Luigi Lugmayr () is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com.




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