Deep Sea Mining, Opportunities for India and Urgency to Act

Abstract

With the dawn of the Information age demand for Rare Earth Elements has shot up multifold. While China has managed to maintain a monopolistic grip on global production and supply of Rare Earth Elements, other major players such as the USA, Europe, Japan and India are now waking up. The aim of this paper is to underline the national importance of having secure supply of Rare Earth Elements and the opportunities that are available via Deep Sea Mining operations in production of such elements. Also various tools and techniques used for such operations are discussed.