stevegee58 writes "Jamaica was once home to a thriving bauxite (aluminum ore) industry. While Jamaican bauxite mining may have fallen on hard times, it seems that the bauxite tailings in the form of red mud are rich in rare earth elements.
Japanese researchers have discovered rare earth elements in high concentrations in this red mud and have already invested $3M in a pilot project to extract them. Perhaps Chinese dominance of rare earth deposits is on the wane as global manufacturers continue to search for and find other deposits of these valuable minerals."
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