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Japanese researchers have found more than 200 million tonnes of manganese nodules rich in battery metals in the Pacific Ocean, within the country’s exclusive economic zone.
These metals-rich rocks are located at depths of about 5,500 metres and are thought to be very similar to the polymetallic nodules found in the Clarion-Clipperton zone in the Pacific, as they hold cobalt, nickel and copper in addition to manganese.The Nippon Foundation and other entities expects to start large-scale extraction of nodules next year, to be delivered to Japanese companies with the capability to process them.
BMO analyst Colin Hamilton said the depth at which the nodules are found make it more complex than it sounds. “Extraction will not be simple, and we see this as a potential test case for the benefits versus disadvantages of deep sea mining of materials relating to the global fuel to materials transition,” he wrote on Tuesday brief.
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