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.


Fed Unveils Stablecoin Rules Under GENIUS Act
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High
Trump, Xi Focus on Trade and AI at White House Summit
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit
Asian Stocks Fall as Surging Bond Yields Rattle Markets
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes
Fed Unveils Stablecoin Rules Under GENIUS Act
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue
Japanese Yen Rebounds as Trump Flags Currency Weakness
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit
China’s ‘Lipstick King’ Says AI Won’t Replace Livestream Hosts
Oil Prices Ease as Iran Tensions Clash With Diplomacy Hopes
Japan Private-Sector Growth Slows as Domestic Demand Weakens 



