Leroy N. Soetoro
2018-05-12 16:48:54 UTC
http://www.foxnews.com/science/2018/04/19/treasure-island-rare-metals-
discovery-on-remote-pacific-atoll-is-worth-billions-dollars.html
The discovery of vast reserves of rare-earth elements on a tiny Japanese
island, that can be used in everything from iPhones to missile systems to
electric vehicles, has been described as a "game changer."
Minami-Torishima Island, also known as Marcus Island, is described as
having "tremendous potential" for rare-earth elements and yttrium (REY),
according to a study published in Scientific Reports.
"This REY-rich mud has great potential as a rare-earth metal resource
because of the enormous amount available and its advantageous
mineralogical features," the study reads. The study shows that more than
16 million tons of rare-earth elements could be "exploited in the near
future."
Including ytrrium (Y), which is used in products like camera lenses and
mobile phone screens, the rare-earth elements found are: Europium (EU),
Terbium (Tb) and Dysprosium (Dy).
"The research area was estimated to be able to supply Y, Eu, Tb, and Dy
for 780, 620, 420, and 730 years, respectively, and has the potential to
supply these metals on a semi-infinite basis to the world," the report
adds.
The metals are expensive, making the find extremely valuable, with some
estimates putting the value of the island's rare earth oxide alone at
approximately $500 billion.
Yttrium is currently worth $3,400 per pound, Europium costs $20,000 per
100 grams and Terbium sells for $1,800 per 100 grams. Dysprosium, the
cheapest of the rare-earth elements discovered, only costs $450 per 100
grams.
The sample size was estimated to contain 1.2 million tons of "rare-earth
oxide." The study was conducted jointly by researchers with Waseda
University Yutaro Takaya, and Yasuhiro Kato of the University of Tokyo and
others.
In an interview with The Wall Street Journal, Technology Metals Research
LLC founding principal Jack Lifton said, "this is a game-changer for
Japan," adding, "The race to develop these resources is well under way."
Though it would likely be expensive to remove the rare-earth materials
from the island, it would give Japan and the world, more control over
these elements, which are used in products such as rechargeable batteries,
wind turbines, and many medical and military technologies.
China held approximately 95 percent of the rare-earth production as of
2015, according to CNN.
The country severely restricts exports of these elements at times of
diplomatic tension, including a shortage in 2010 for Japanese
manufacturers, news.com.au reported.
--
Donald J. Trump, 304 electoral votes to 227, defeated compulsive liar in
denial Hillary Rodham Clinton on December 19th, 2016. The clown car
parade of the democrat party ran out of gas and got run over by a Trump
truck.
Congratulations President Trump. Thank you for cleaning up the disaster
of the Obama presidency.
Under Barack Obama's leadership, the United States of America became the
The World According To Garp.
ObamaCare is a total 100% failure and no lie that can be put forth by its
supporters can dispute that.
Obama jobs, the result of ObamaCare. 12-15 working hours a week at minimum
wage, no benefits and the primary revenue stream for ObamaCare. It can't
be funded with money people don't have, yet liberals lie about how great
it is.
Obama increased total debt from $10 trillion to $20 trillion in the eight
years he was in office, and sold out heterosexuals for Hollywood queer
liberal democrat donors.
discovery-on-remote-pacific-atoll-is-worth-billions-dollars.html
The discovery of vast reserves of rare-earth elements on a tiny Japanese
island, that can be used in everything from iPhones to missile systems to
electric vehicles, has been described as a "game changer."
Minami-Torishima Island, also known as Marcus Island, is described as
having "tremendous potential" for rare-earth elements and yttrium (REY),
according to a study published in Scientific Reports.
"This REY-rich mud has great potential as a rare-earth metal resource
because of the enormous amount available and its advantageous
mineralogical features," the study reads. The study shows that more than
16 million tons of rare-earth elements could be "exploited in the near
future."
Including ytrrium (Y), which is used in products like camera lenses and
mobile phone screens, the rare-earth elements found are: Europium (EU),
Terbium (Tb) and Dysprosium (Dy).
"The research area was estimated to be able to supply Y, Eu, Tb, and Dy
for 780, 620, 420, and 730 years, respectively, and has the potential to
supply these metals on a semi-infinite basis to the world," the report
adds.
The metals are expensive, making the find extremely valuable, with some
estimates putting the value of the island's rare earth oxide alone at
approximately $500 billion.
Yttrium is currently worth $3,400 per pound, Europium costs $20,000 per
100 grams and Terbium sells for $1,800 per 100 grams. Dysprosium, the
cheapest of the rare-earth elements discovered, only costs $450 per 100
grams.
The sample size was estimated to contain 1.2 million tons of "rare-earth
oxide." The study was conducted jointly by researchers with Waseda
University Yutaro Takaya, and Yasuhiro Kato of the University of Tokyo and
others.
In an interview with The Wall Street Journal, Technology Metals Research
LLC founding principal Jack Lifton said, "this is a game-changer for
Japan," adding, "The race to develop these resources is well under way."
Though it would likely be expensive to remove the rare-earth materials
from the island, it would give Japan and the world, more control over
these elements, which are used in products such as rechargeable batteries,
wind turbines, and many medical and military technologies.
China held approximately 95 percent of the rare-earth production as of
2015, according to CNN.
The country severely restricts exports of these elements at times of
diplomatic tension, including a shortage in 2010 for Japanese
manufacturers, news.com.au reported.
--
Donald J. Trump, 304 electoral votes to 227, defeated compulsive liar in
denial Hillary Rodham Clinton on December 19th, 2016. The clown car
parade of the democrat party ran out of gas and got run over by a Trump
truck.
Congratulations President Trump. Thank you for cleaning up the disaster
of the Obama presidency.
Under Barack Obama's leadership, the United States of America became the
The World According To Garp.
ObamaCare is a total 100% failure and no lie that can be put forth by its
supporters can dispute that.
Obama jobs, the result of ObamaCare. 12-15 working hours a week at minimum
wage, no benefits and the primary revenue stream for ObamaCare. It can't
be funded with money people don't have, yet liberals lie about how great
it is.
Obama increased total debt from $10 trillion to $20 trillion in the eight
years he was in office, and sold out heterosexuals for Hollywood queer
liberal democrat donors.