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International Business Times
International Business Times
Business

Japan Plans 'World First' Deep-sea Mineral Extraction

The Chikyu, pictured here in 2013, will drill around the remote island of Minami Torishima (Credit: AFP)

Japan will from January attempt to extract rare earth minerals from the ocean floor in the deepest trial of its kind, the director of a government innovation programme said Thursday.

Earlier this week the country pledged to work with the United States, India and Australia to ensure a stable supply of critical minerals, as concern grows over China's dominance in resources vital to new technologies.

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