How Japan’s $26.3 Billion Discovery Will Boost Its Economy for the Next Decade
Japan’s recent discovery of manganese nodules off Minami-Tori-shima island could significantly boost its economy. Found 5,700 meters below sea level, these nodules contain millions of metric tons of cobalt and nickel, essential for electric vehicle batteries and high-tech products. The discovery is valued at over $26 billion, with cobalt worth around $14.7 billion and nickel…