• News
  • Film and TV
  • Music
  • Tech
  • Features
  • Celebrity
  • Politics
  • Weird
  • Community
  • Advertise
  • Terms
  • Privacy & Cookies
  • LADbible Group
  • LADbible
  • SPORTbible
  • GAMINGbible
  • Tyla
  • UNILAD Tech
  • FOODbible
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Topics A-Z
  • Authors
Facebook
Instagram
X
Threads
TikTok
YouTube
Submit Your Content
Japan’s rare earth discovery has boomed in to value to $30,600,000,000 despite Trump tariff chaos

Home> News> Money

Updated 13:30 7 Apr 2025 GMT+1Published 13:09 7 Apr 2025 GMT+1

Japan’s rare earth discovery has boomed in to value to $30,600,000,000 despite Trump tariff chaos

Tariffs introduced by Donald Trump have seemingly rocked many valuations, but Japan's rare discover has seen the opposite effect

Callum Jones

Callum Jones

A rare discovery in Japan last year has boomed in value to over $30,000,000,000, despite all the tariffs being introduced by Donald Trump in recent weeks.

In 2024, a survey conducted by the Nippon Foundation in collaboration with the University of Tokyo found that the seabed around Minami-Tori-shima island has around 610,000 metric tons of cobalt, and 740,000 metric tons of nickel.

The discovery was deemed so important because these sought-after materials are two of the crucial components needed to create electric vehicle (EV) batteries.

This is the equivalent to 11 years of domestic consumption, meaning Japan could have a rather large bank balance in the years to come.

Advert

230 million tons of the rare minerals were discovered between April and June, according to Nikkei Asia.

The manganese nodules discovered (The Nippon Foundation)
The manganese nodules discovered (The Nippon Foundation)

“Ultimately, we expect that our research outcomes will help boost Japan’s growth by establishing a domestic supply chain stretching from ‘resource-mining’ to ‘manufacturing’, and make Japan a science-technology, and ocean-oriented nation in a true sense of word,” a press release from the University of Tokyo stated.

Since Trump returned to the White House in January, he has introduced countless tariffs, a move that has ultimately seen the FTSE 100 plunge by a lowly six percent.

Advert

Last week, the 47th POTUS announced a 10 percent ‘baseline’ tax would apply globally, with higher rates for a 60-strong country list dubbed as Trump’s ‘worst offenders’.

Countries struck with high custom tariffs include the likes of Japan (24 percent), South Africa (30 percent), and Vietnam (46 percent).

Japan is an interesting one, considering the impact such tariffs could have on the discovery, but it seems Trump's measures have seen the rare earth discovery boom in value.

Prior to the changes implemented by the Trump administration, the rare discovery was valued at a massive $26,290,780,000 - a figure that has since increased.

Advert

Trump's tariffs have seemingly not impacted the value of the find (Andrew Harnik/Getty Images)
Trump's tariffs have seemingly not impacted the value of the find (Andrew Harnik/Getty Images)

As per the FSTE 100, one ton worth of cobalt is worth $33,925, meaning the 610,000 tones discovered is now worth a whopping $20,694,250,000.

Nickel, on the other hand, comes in at $13,388 per ton, making a value of $9,907,120,000 from the 740,000 tons discovered.

In summary, you have a value of $30,601,370,000 for the rare earth discovery - a massive increase on figures recorded last year.

Advert

By using the cobalt and nickel from the ocean, Japan will be able to decrease its dependency on other countries and satiate the internal demand for EV batteries, according to Interesting Engineering.

Featured Image Credit: Getty Images/Pallava Bagla

Topics: Donald Trump, Japan, Money, News

Callum Jones
Callum Jones

Advert

Advert

Advert

Choose your content:

4 hours ago
6 hours ago
7 hours ago
  • 4 hours ago

    Cult classic film removed from Disney+ over controversial scene that had it banned from TV

    The British Board of Film Classification (BBFC) has long expressed its concerns about the scene in the 1989 movie

    Film & TV
  • 6 hours ago

    Vin Diesel hints Paul Walker could be in upcoming Fast and Furious movie and it's left fans very divided

    He's desperate to reunite Dom and Brian

    Film & TV
  • 6 hours ago

    Trump supporters are revealing the ‘red line’ that would make them stop supporting him and people say it’s ‘disturbing’

    President Trump's shocking approval ratings were recently released

    News
  • 7 hours ago

    Starbucks customer outraged after barista allegedly wrote 'illegal' joke on her cup

    "When I read it I’m like, OK. Was I supposed to laugh?"

    News
  • Reason Donald Trump isn't attending Jeff Bezos and Lauren Sanchez's wedding despite invitation
  • China halts exports of critical rare material as Trump tariff war intensifies
  • Donald Trump claims US now has 'total control' of Iran's sky in bizarre statement following nuclear site bombing
  • Seven of the biggest unsubstantiated claims Trump has made during his tariff announcement