China Raises Undersea Ante

The Japan Times reported that a Chinese sub is en route for mining exploration in the Pacific Ocean.

The market news is quoted as saying:

China says one of its main aims is to be in prime position to explore and exploit what experts say is a treasure trove of trillions of dollars of gold, copper, lead, zinc, nickel, manganese, cobalt, iron and other minerals in rich reserves on the seabed of the ocean.

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