The ocean floor is rare earth miners new frontier—report
The demand for hard-to-find rare-earth elements needed for portable electronics and batteries for hybrid vehicles continues to push mining companies to scour the ocean floors.
Since 2001 the United Nations’ International Seabed Authority has issued 30 exploration permits for the Pacific, Mid-Atlantic and Indian Oceans. But BBC News correspondent Nick Davis says there has been a rush of late, with another seven ready to be issued.
Read more at: http://www.mining.com/the-ocean-floor-is-rare-earth-miners-new-frontier-report-55030/
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