Dubai Telegraph - Japan aims to dig deep-sea rare earths to reduce China dependence

EUR -
AED 4.21632
AFN 74.625092
ALL 91.794675
AMD 416.730427
ANG 2.05548
AOA 1053.936452
ARS 1733.592369
AUD 1.611237
AWG 2.069412
AZN 1.948872
BAM 1.955943
BBD 2.312059
BDT 140.970293
BGN 1.932723
BHD 0.43273
BIF 3453.537111
BMD 1.148079
BND 1.464701
BOB 11.679853
BRL 5.884825
BSD 1.147879
BTN 110.067036
BWP 15.567069
BYN 3.48964
BYR 22502.344954
BZD 2.308759
CAD 1.606478
CDF 2653.209972
CHF 0.946459
CLF 0.027925
CLP 1102.638071
CNY 7.700796
CNH 7.689401
COP 3638.181428
CRC 513.535258
CUC 1.148079
CUP 30.424089
CVE 110.273051
CZK 24.313549
DJF 204.414035
DKK 7.475491
DOP 67.994668
DZD 153.541861
EGP 59.84613
ERN 17.221182
ETB 184.811984
FJD 2.54403
FKP 0.86026
GBP 0.858935
GEL 2.991608
GGP 0.86026
GHS 13.212965
GIP 0.86026
GMD 84.380007
GNF 10074.391567
GTQ 8.758639
GYD 240.127532
HKD 9.006615
HNL 30.906436
HRK 7.535075
HTG 150.030301
HUF 362.415194
IDR 20381.843366
ILS 3.475219
IMP 0.86026
INR 109.952539
IQD 1504.557299
IRR 1578149.152123
ISK 139.400002
JEP 0.86026
JMD 181.152437
JOD 0.813983
JPY 180.466374
KES 148.783692
KGS 100.399849
KHR 4653.163661
KMF 491.377856
KPW 1033.271307
KRW 1586.473283
KWD 0.354285
KYD 0.956666
KZT 511.345108
LAK 25688.263477
LBP 102810.459198
LKR 380.73614
LRD 200.327067
LSL 18.645201
LTL 3.389978
LVL 0.694461
LYD 7.284511
MAD 10.934298
MDL 20.152384
MGA 5040.065624
MKD 61.529492
MMK 2410.612703
MNT 4132.350842
MOP 9.276337
MRU 45.98043
MUR 54.613554
MVR 17.737553
MWK 1994.213189
MXN 19.686968
MYR 4.685295
MZN 73.373548
NAD 18.644322
NGN 1529.344249
NIO 42.100432
NOK 10.810936
NPR 176.106091
NZD 2.004936
OMR 0.441437
PAB 1.147884
PEN 3.87419
PGK 5.103204
PHP 71.972976
PKR 318.218735
PLN 4.3553
PYG 6790.466216
QAR 4.184704
RON 5.261876
RSD 117.377288
RUB 97.012233
RWF 1688.82395
SAR 4.263271
SBD 9.185218
SCR 16.975648
SDG 690.562577
SEK 11.257832
SGD 1.464912
SHP 0.858216
SLE 28.300048
SLL 24074.629583
SOS 655.553098
SRD 43.335958
STD 23762.913699
STN 24.798503
SVC 10.04469
SYP 14927.321164
SZL 18.730882
THB 38.211478
TJS 10.589673
TMT 4.029757
TND 3.343777
TOP 2.764298
TRY 56.008682
TTD 7.793535
TWD 36.512925
TZS 3044.254927
UAH 51.296922
UGX 4511.329384
USD 1.148079
UYU 46.15337
UZS 13576.032207
VES 972.979702
VND 29855.789823
VUV 135.807955
WST 3.162753
XAF 655.957
XAG 0.017222
XAU 0.000262
XCD 3.10274
XCG 2.068842
XDR 0.811751
XOF 655.957
XPF 119.331742
YER 271.577642
ZAR 18.641413
ZMK 10334.088925
ZMW 22.528547
ZWL 369.680913
SSP 6502.744393
MXV 2.231952
  • RBGPF

    0.0000

    69.99

    0%

  • RYCEF

    0.5200

    19.81

    +2.62%

  • GSK

    0.7700

    51.06

    +1.51%

  • CMSC

    0.1900

    20.67

    +0.92%

  • NGG

    1.5700

    77.6

    +2.02%

  • AZN

    3.2500

    166.14

    +1.96%

  • BCE

    -0.2200

    22.28

    -0.99%

  • BTI

    -0.0700

    56.02

    -0.12%

  • RIO

    2.2500

    98.04

    +2.29%

  • VOD

    0.0600

    17.52

    +0.34%

  • RELX

    0.1100

    34.38

    +0.32%

  • CMSD

    0.1600

    20.45

    +0.78%

  • JRI

    0.1100

    11.61

    +0.95%

  • BCC

    0.2200

    75.53

    +0.29%

  • BP

    0.0400

    45.42

    +0.09%

Japan aims to dig deep-sea rare earths to reduce China dependence
Japan aims to dig deep-sea rare earths to reduce China dependence / Photo: TOSHIFUMI KITAMURA - AFP/File

Japan aims to dig deep-sea rare earths to reduce China dependence

A Japanese research vessel on Monday began a historic voyage to attempt to dig deep-sea rare earths at a depth of 6,000 metres to curb dependence on China.

Text size:

Scientific drilling boat called the Chikyu left Shimizu Port in Shizuoka around 9:00 am (0000 GMT) for the remote island of Minami Torishima in the Pacific, where surrounding waters are believed to contain a rich trove of valuable minerals.

The test cruise comes as China -- by far the world's biggest supplier of rare earths -- ramps up pressure on its neighbour after Prime Minister Sanae Takaichi suggested in November that Tokyo could react militarily to an attack on Taiwan.

Beijing claims self-ruled Taiwan as part of its territory and has vowed to seize it by force if necessary.

China has long used its dominance in rare earths for geopolitical leverage, including in its trade war with US President Donald Trump's administration.

Chikyu's voyage, delayed by one day due to bad weather, could lead to domestic production of rare earths, said Shoichi Ishii, programme director at the Cabinet Office.

"We are considering diversifying our procurement sources and avoiding excessive reliance on specific countries," he told reporters at the port as the ship prepared to leave.

"One approach I believe could be pursued is establishing a process to achieve domestic production of rare earths," he said.

Rare earths -- 17 metals difficult to extract from the Earth's crust -- are used in everything from electric vehicles to hard drives, wind turbines and missiles.

The Japan Agency for Marine-Earth Science and Technology (JAMSTEC) has touted the test as the world's first at such depths.

The area around Minami Torishima, which is in Japan's economic waters, is estimated to contain more than 16 million tons of rare earths, which the Nikkei business daily says is the third-largest reserve globally.

These rich deposits contain an estimated 730 years' worth of dysprosium, used in high-strength magnets in phones and electric cars, and 780 years' worth of yttrium, used in lasers, Nikkei said.

"If Japan could successfully extract rare earths around Minami Torishima constantly, it will secure domestic supply chain for key industries," Takahiro Kamisuna, research associate at The International Institute for Strategic Studies (IISS), told AFP.

"Likewise, it will be a key strategic asset for Takaichi's government to significantly reduce the supply chain dependence on China."

The cruise is scheduled to last until February 14.

Recent media reports said Beijing was delaying Japanese imports as well as rare-earth exports to Tokyo, as their two-month-old spat escalates.

China this month blocked exports to Japan of "dual-use" items with potential military uses, fuelling worries in Japan that Beijing could choke supplies of rare earths, some of which are included in China's list of dual-use goods.

I.Khan--DT