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.


Bank of Japan Signals Further Interest Rate Hikes as Inflation Trends Toward 2% Target
Asian Markets Slide as Middle East Conflict Sparks Oil Price Surge and Inflation Fears
Gold Prices Surge for Fourth Day as Middle East Tensions and Strong U.S. Dollar Shape Market
ASX CEO Exit Signals Turbulent Transition Amid Lawsuit and Regulatory Scrutiny
S&P Global Warns of Potential Downgrade for Berkshire’s PacifiCorp Over Oregon Wildfire Liabilities
Wall Street Futures Tumble as U.S.-Iran Conflict Escalates and Oil Prices Surge
China Factory Activity Surges to Five-Year High as Demand Boosts Manufacturing PMI
Oil Prices Surge After U.S.-Israel Strikes on Iran, Raising Strait of Hormuz Supply Fears
Japan Signals Possible Currency Intervention as Yen Slides to 157.3 Amid Middle East Tensions
Asian Currencies Slide as US-Israel Strikes on Iran Trigger Oil Surge and Risk-Off Rally
Japan Manufacturing PMI Jumps to Four-Year High as Global Demand Strengthens
Global Markets React as Dollar Surges, Swiss Franc Rallies After U.S.-Israel Strike on Iran
Gold Prices Rebound in Asia as U.S.–Iran Tensions Support Safe-Haven Demand
PBOC Scraps Forex Risk Reserve as Yuan Rally Pressures Chinese Exporters
Trump Offers U.S. Insurance and Naval Escort for Tankers as Strait of Hormuz Crisis Disrupts Global Oil Trade
RBA Signals Possible March Rate Hike as Energy Risks Threaten Inflation Outlook
KOSPI Plunges Over 8% as U.S.-Iran War Sparks Global Risk Aversion and Profit-Taking 



