Type to search

China Leads Rare Metals Mining Race to Ocean Floor – WP

China has already claimed exclusive rights to excavate 92,000 square miles of international seabed

Four US Navy warships were sent to waters off Alaska on the weekend after 11 Russian and Chinese military vessels staged 'freedom of navigation' operations, news reports said.
A group of naval vessels from Russia and China conduct a joint maritime military patrol in the Pacific Ocean, in this still image taken from video released on October 23, 2021. Russian Defence Ministry handout via Reuters.


China has stolen a march on its global rivals in the race to dominate the next new source of the rare metals vital to the tech industry – the ocean floor, the Washington Post reported.

The sea is thought to hold several times more of these rare metals, key to almost all of today’s electronics, clean-energy products and advanced computer chips, than exist beneath the surface on land, the report went on.

It said China already holds five of the 30 exploration licences that the International Seabed Authority (ISA) has granted so far, the most of any country, ahead of the planned go-ahead for the start of deep-sea mining as soon as 2025.

Read the full story: The Washington Post


  • By Sean O’Meara


Also on AF:

China Blocked Exports of Two Chipmaking Metals in August

China’s Overseas Metals, Mining Deals Set For Record Year – FT

Vietnam to Restart Giant Rare Earths Mine in Bid to Rival China

China Rare Earth Prices Soar on Myanmar Mine Closures



Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.


AF China Bond