Japanese scientists recently announced that they had identified huge deposits of rare earth minerals on the floor of the Pacific Ocean. Rare earth metals are crucial to making high-tech electronics. The discovery of minerals that can be readily extracted from the floor of the Pacific Ocean presents a stiff challenge to China’s current dominance of the metals market. E&T covered this rare earth minerals story in more detail earlier this week.
This helpful graphic gives an overview of the rare earth minerals market.
Click on the graphic for a larger view.