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    market news

    Japan, Jamaica Launch Red Mud Rare Earth Project

    Investing News Network
    Feb. 05, 2013 08:18AM PST
    Rare Earth Investing

    The International Business Times reported that Japan and Jamaica have officially launched their joint project to explore the potential of rare earth elements in Jamaican red mud.

    The International Business Times reported that Japan and Jamaica have officially launched their joint project to explore the potential of rare earth elements in Jamaican red mud.

    As quoted in the market report:

    Researchers from the two countries will treat some 30 tonnes of dry red mud, a byproduct of the process of refining bauxite, with acid during the pilot project at the plant located at the Jamaica Bauxite Institute. Both hoped they would be able to potentially extract some of the 17 rare earths elements that are highly essential to manufacture a number of today’s present technologies and gadgets such as smartphones, plasma screens, wind turbines and satellites, among other others.

    To view the whole International Business Times Report, click here.

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