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The United States and Japan were planning what would be the world's deepest undersea mine to harvest rare earth elements and reduce dependence on China, according to reports on August 13.
The United States and Japan were planning what would be the world's deepest undersea mine to harvest rare earth elements and reduce dependence on China, according to reports on August 13.
Rare earths are used in electronics, electric vehicles and defence systems, and China dominates their mining and processing.
Deep-sea mining is technically difficult, expensive and controversial because of its possible effects on marine ecosystems. Projects of this kind usually take many years to reach production.
For anyone following the sector, the details to watch are the project site, the financing and any environmental approvals.
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