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.


Japanese Business Leaders Urge Government Action as Weak Yen Strains Economy
Asian Currencies Trade Flat as Dollar Weakens in Thin New Year Trading
China Imposes 55% Tariff on Beef Imports Above Quota to Protect Domestic Industry
Singapore GDP Growth Surges in 2025 but Outlook Remains Cautious Amid Global Trade Risks
Federal Reserve Begins Treasury Bill Purchases to Stabilize Reserves and Money Markets
U.S. Dollar Starts 2026 Weak as Yen, Euro and Sterling Hold Firm Amid Rate Cut Expectations
South Korea Inflation Rises to 2.3% in December, Matching Market Expectations
Wall Street Ends Mixed as Tech and Financial Stocks Weigh on Markets Amid Thin Holiday Trading
U.S. Dollar Steadies Ahead of Fed Minutes as Markets Eye Policy Divisions
U.S. Stock Futures Slip as Year-End Trading Turns Cautious
USDA $12 Billion Farm Aid Program Draws Mixed Reactions from Row Crop Farmers
U.S. Stocks Slip as Gold Rebounds Ahead of Year-End, Markets Eye 2026 Outlook
Asia Manufacturing PMI Rebounds as Exports and Tech Demand Drive Growth into 2026
South Korea Factory Activity Returns to Growth in December on Export Rebound
Asian Markets End Year on AI Optimism as Precious Metals and Currencies Shine
South Korean Won Slides Despite Government Efforts to Stabilize Currency Markets 



