Mineral trove vital for industry at bottom of Pacific Ocean
(NEWSER) - Japanese scientists have discovered mammoth deposits of rare earth minerals—essential in the manufacture of many high-tech devices—at the depths of the Pacific Ocean, reports Reuters . The find could transform the international market for these vital materials. Discovered as deep as 20,000 feet at 78 locations, particularly around Hawaii and Tahiti, the researchers estimate the size of these deposits could be as much as 100 billion tons. Currently, just 110 million tons of rare earth minerals are known to exist, mostly in China, but soaring prices have countries like Japan desperate for alternatives. More»