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Recent research has discovered surprising concentration

by:KingKonree     2020-09-24

It is now believed that one square patch of metal-rich ocean floor mud, 2.3 kilometres wide, may have sufficient rare earth metals to meet most of the global demand for up to 12 months, say Japanese geologists.

Alex King, director of the U.S. Department of Energy's Ames Laboratory in Iowa says 'The heavier rare earths tend to be ones that command greater price because of their scarcity'.

The prices of rare earth minerals are negligible in comparison to gold at $51,000 a kilo, or titanium at $540,000 a kilo or palladium at $1,571,000 a kilo.

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