Japan plans to start mining cobalt and nickel near Ogasawara Islands in 2026 for 75 years of cobalt and 11 years of nickel supply.
Japan plans to start mining cobalt and nickel in 2026 near the Ogasawara Islands, where reserves can cover the nation's needs for cobalt for 75 years and nickel for 11 years. The project, developed by the University of Tokyo and the Nippon Foundation, involves extracting ferromanganese nodules containing rare metals. Production is set to begin in 2026, followed by commercial supplies to Japanese companies requiring rare metals for production.
June 21, 2024
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