Japan just discovered 16 million tons of rare earth metals.

Discussion in 'The War Room' started by TribalDrumz, Apr 13, 2018.

  1. TribalDrumz

    TribalDrumz Brown Belt

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    The find is being called a "semi-infinite" amount, enough to supply the world for hundreds of years. China previously had the stranglehold on such metals.

    Quote:
    A new finding that could change the global economy

    The newly discovered deposit is enough to "supply these metals on a semi-infinite basis to the world," the study's authors wrote in the study.

    There's enough yttrium to meet the global demand for 780 years, dysprosium for 730 years, europium for 620 years, and terbium for 420 years.

    The cache lies off of Minamitori Island, about 1,150 miles southeast of Tokyo. It's within Japan's exclusive economic zone, so the island nation has the sole rights to the resources there.



    "This is a game changer for Japan," Jack Lifton, a founding principal of a market-research firm called Technology Metals Research, told The Wall Street Journal. "The race to develop these resources is well underway."

    Japan started seeking its own rare-earth mineral deposits after China withheld shipments of the substances amid a dispute over islands that both countries claim as their own, Reuters reported in 2014.

    Previously, China reduced its export quotas of rare earth minerals in 2010, pushing prices up as much as 10%, The Journal reports. China was forced to start exporting more of the minerals again after the dispute was taken up at the World Trade Organization.
    Rare-earth minerals found in Japan in a 'semi-infinite' deposit - Business Insider

    https://www.cnbc.com/2018/04/12/japa...n-pacific.html
     
  2. Liquid Smoke

    Liquid Smoke Great artists steal™

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    Time to invade Japan.
    Yttrium: for a strong America!
     
  3. Orgasmo

    Orgasmo Red Belt

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    Sounds like Japan needs some freedom, twice.
     
  4. bushman505

    bushman505 Red Belt

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  5. HomerThompson

    HomerThompson Titanium Belt Platinum Member

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    You're a bit late, bud. We already brought them freedom.
     
  6. HomerThompson

    HomerThompson Titanium Belt Platinum Member

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    Also, this is potentially fantastic news for the world.
     
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  7. Scheme

    Scheme Brown Belt

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    The Japanese hate our values. It's only right to bring them some good old democracy
     
  8. Patrick Carey

    Patrick Carey Double Yellow Card Double Yellow Card

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    Is it going to be easy to extract? That is where most of the cost savings from china kick in. They dont give a shit about safety standards
     
    Last edited: Apr 13, 2018
  9. Idonotbelieveit

    Idonotbelieveit winning

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    If it was big it would have stayed silience


    You don't expose something like that
     
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  10. Idonotbelieveit

    Idonotbelieveit winning

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    they hate us full stop we did bomb them
     
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  11. electricfuneral

    electricfuneral Red Belt

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    I disagree. i have a Japanese citizenship. They don't hate America, they are insular and don't like anybody else.
     
  12. Soul Crusher

    Soul Crusher Eternal Double Yellow Card

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    [​IMG]


    China is going to want a piece in the future. If not all of it.
     
  13. Idonotbelieveit

    Idonotbelieveit winning

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    Edi
    you spend much time there then?
     
  14. trident

    trident Water Belt

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    It's the Japanese dude, they can do it
     
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  15. JSN

    JSN #NotMyNelly

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    "game changer", huh? Is this Jack Lifton?

    [​IMG]
     
    Last edited: Apr 13, 2018
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  16. trident

    trident Water Belt

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    Is there a different mindset for those that immigrate? The Japanese I know in SF are amongst the coolest open minded and thoughtful people I know
     
  17. jefferz

    jefferz Gold Belt Platinum Member

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    And what other country could refine those minerals on a level China does?
    They’ll have a stranglehold for years to come.
     
    Last edited: Apr 13, 2018
  18. trident

    trident Water Belt

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    Wonder if this is going to push mining into the ocean on an overall basis.

    I suppose it's better than drilling
     
  19. Roaming East

    Roaming East Ficti pravique tenax

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    Japan just discovered valuable Chinese minerals in Chinese territorial waters you mean. cause thats what the PRC is thinking right now.
     
  20. Jack V Savage

    Jack V Savage Secretary of Keepin' It Real/Nicest Guy on Sherdog

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    It's always in the last place you look.
     
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