Japan has taken a major step toward securing its supply of critical minerals by launching a groundbreaking deep-sea mining mission aimed at extracting rare earth elements from the ocean floor. A government-backed Japanese mining vessel, Chikyu, departed earlier this week on a month-long expedition near Minamitori Island, a remote coral atoll located about 1,900 kilometers southeast of Tokyo. The mission marks the world’s first attempt to continuously lift rare-earth-rich seabed mud from a depth of around 6,000 meters directly onto a ship.
The initiative is part of Japan’s broader strategy to reduce its dependence on China for rare earths, which are essential for manufacturing electric vehicles, smartphones, military equipment, and other high-tech products. This effort has gained urgency as China tightens export controls on critical minerals, including a recent ban on dual-use items destined for Japan’s military. While Beijing has not officially confirmed broader restrictions, reports suggest rare earth exports to Japan may also be under review.
Japan has faced similar pressure before. In 2010, China temporarily restricted rare earth exports following a diplomatic dispute, prompting Tokyo to diversify its supply chains. Since then, Japan has reduced its reliance on China from about 90% to roughly 60% through overseas investments, recycling initiatives, and innovation in manufacturing processes that require fewer rare earths. However, Japan remains heavily dependent on China for certain heavy rare earths used in electric and hybrid vehicle motors.
The Minamitori Island project represents Japan’s first attempt to source rare earths domestically. The government has invested approximately 40 billion yen since 2018, viewing the project as a long-term solution rather than an immediate commercial venture. While estimated reserves and production targets have not been disclosed, a full-scale mining trial could begin as early as 2027 if initial tests prove successful.
Although deep-sea mining has historically been considered uneconomical due to high costs, ongoing supply risks and rising prices could make the project viable in the future. As global competition for critical minerals intensifies, Japan’s deep-sea rare earth mining mission highlights the country’s determination to strengthen economic security and build a more resilient supply chain.


Asian Markets Rally as Micron and Qualcomm AI Outlook Lifts Global Tech Stocks
South Korea’s KOSPI Plunges as Apple Price Hikes and OpenAI IPO Delay Shake AI Chip Stocks
Bank Regulation Rollbacks in the U.S. and UK Could Increase Financial Risks, Study Warns
US Dollar Slips After PCE Inflation Data as Fed Rate Hike Expectations Stay Elevated
Gold Drops Below $4,000 as Strong US Dollar and Fed Rate Hike Expectations Pressure Bullion
Oil Prices Rebound as Strait of Hormuz Tensions Return After Ship Attack Near Oman
Trump Requests $11 Billion More in Farm Aid as Rising Costs Pressure U.S. Farmers
Morgan Stanley Sees Chinese Auto Market Recovery Gaining Momentum in Late Summer
Gold Prices Rise Above $4,000 as Inflation Data and Weaker Dollar Boost Demand
Trump Threatens 100% Tariffs on Countries Imposing Digital Services Taxes on U.S. Tech Firms
Australian Household Spending Rebounds Strongly in May as Travel and Dining Drive Consumer Growth
S&P Affirms Brazil’s BB Credit Rating with Stable Outlook Amid Fiscal Challenges
Wall Street Ends Mixed as Micron Surges, Apple Drops After Price Hikes
Asian Stocks Sink as Apple Price Hikes Spark AI Valuation Fears, South Korea and Japan Lead Selloff
Oil Prices Drop as Middle East Supply Recovery Eases Market Concerns
US Dollar Slips After PCE Inflation Data Eases Fed Rate Hike Expectations 



