Japan Strikes It Rich! Discovery of 200 Million Tons of 'Seabed Gold' in Open Seas, Rare Metal 'Manganese Nodules'

Reported about 1 year ago

Japan has discovered over 200 million tons of 'manganese nodules,' a rare metal crucial for making items like storage batteries. These nodules, found in the deep sea near the Ogasawara Islands, contain valuable minerals like manganese, nickel, copper, and cobalt. With the increasing demand for electric vehicles and smartphones, Japan plans to start commercial test mining in its exclusive economic zone in 2025. This discovery is seen as a significant economic opportunity for resource-poor Japan and could play a vital role in its economic development while ensuring a stable supply of rare metals.

Source: YAHOO

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