"Huge Rare Earth Deposits Found In Pacific: Report"

"Vast deposits of rare earth minerals have been discovered on the seabed of the Pacific Ocean amounting to 1,000 times those on land, media reported on Monday citing a study by Japanese researchers.

The deposits are estimated to amount to 100 billion metric tons, the Nikkei business daily said.

They are believed to lie at a depth of 3,500 to 6,000 meters and cover an area of over 11 million square meters, the reports said."

Kaori Kaneko reports for Reuters July 4, 2011.

Tuesday, July 5, 2011