Experts Skeptical about Potential of Rare-Earth Elements in Seafloor Mud
A newly discovered reservoir of rare earths, which are needed for high-tech, automotive and renewable energy applications, may remain on the ocean floor for some time.
There in the mud, just waiting to be scooped up, is a natural resource deposit potentially worth billions and billions of dollars. It contains chemical elements needed by automakers, by manufacturers of consumer electronics and by green technology developers—elements for which China currently holds a global near monopoly.