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Posted by admin on Apr 16, 2018

AFPThe discovery of potentially millions of tons of valuable "rare earth" elements in sea sludge off Japan has raised hopes that Asia's number-two economy can reduce its dependence on Chinese supply. A Japanese study published last week revealed an estimated 16 million tons of rare earths, enough to feed global demand on a "semi-infinite" basis, with deposits to last hundreds of years. The news made headlines internationally and in Japan, which is the world's second-largest consumer of these minerals but relies heavily on imports from China, which controls 90 percent of the highly strategic market.

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