The International Business Times reported that Japanese researchers have discovered rare earths elements in high concentrations in the red mud of Jamaica.

As quoted in the market report:

Philip Paulwell, Jamaica’s minister of Science, Technology, Energy & Mining, said in a statement to Jamaica’s Parliament that the rare earths discovered by the Nippon Light Metal Co. Ltd. can be efficiently extracted. In fact, he added, plans for a pilot extraction programme have already begun.

To view the whole International Business Times report, click here.