Analysis: Underwater Rare Earths Likely a Pipe Dream

Reuters reported that extraction of rare earths from the ocean floor is not likely to be feasible in the near future.

The market news is quoted as saying:

The discovery of the vast deposits, located on the floor of the Pacific Ocean, 3,500 to 6,000 meters (11,500 to 20,000 feet) below sea level, marks the latest bid by the Japanese to secure their own supply of rare earths, which are critical ingredients in the production of high tech products.

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