In Japan a large field of rare earth metals was discovered. The volume of fields is estimated at 16 million tons. The field is located in the sea in the exclusive economic zone of Japan near the island of Minamitori, approximately 1,150 km south-east of Tokyo, at a depth of 4 km.
Based on the current level of consumption, yttrium reserves in the discovered deposit are enough to satisfy the global demand for 780 years, dysprosium for 730 years, europium for 620 years, and terbium for 420 years
Rare-earth elements are very unevenly distributed in the world, China has the largest reserves. For many years, Japan, as a major manufacturer of electronics, was forced to focus on China in its pricing policy. In 2010, China sharply reduced export quotas for rare earth elements and was forced to abandon such a policy only under pressure from the World Trade Organization (WTO).
Rare-earth elements are widely used in modern electronics, in particular, in batteries, which are necessary for all autonomous devices from a smartphone to an electric vehicle
Statistics and analytics https://www.usgs.gov/centers/nmic/rare-earths-statistics-and-information
Here you can find a list of rare earth metals offered by our company.