Japan to begin seabed rare earth extraction in 2025 to curb China dependence

Forex Short News

Japan plans to start extracting rare earth elements from the seabed near Minami-Torishima Island in fiscal 2025, beginning January 2026, according to Nikkei Asia (gated).

In brief:

The project, aimed at reducing dependence on China for critical minerals used in electric vehicles and electronics, was originally set for 2024 but was delayed due to a late pipe delivery.

  • Location: Pacific Ocean, approximately 1,900 km southeast of Tokyo, near Minami-Torishima Island
  • Resources: Mud rich in rare earths, including cobalt and nickel
  • Timeline: Extraction to begin in early 2026
  • Strategic Goal: Diversify Japan’s supply chain for rare earths, currently dominated by China

This article was written by Eamonn Sheridan at www.forexlive.com.