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Japan sets sail on rare earth hunt as China tightens supplies

January 13, 2026

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Business World Philippines

A Japanese mining ship departed on Monday for a remote coral atoll to probe mud rich in rare earths, part of Tokyo's drive to curb its reliance on China for critical minerals as Beijing tightens supply.

‘The month-long mission of the test vessel Chikyu near Minamitori Island some 1,900 kilometers (km) (1,200 miles) southeast of Tokyo, will mark the world’s first, attempt to continuously lift rare earth seabed sludge from 6 km (4 miles) deep onto a ship.

Japan, like its Western allies, has been reducing its dependence on China for the minerals vital to the production of cars, smartphones and military equipment, an effort that has taken on urgency amid a major diplomatic dispute with Beijing.

“After seven years of steady preparation, we can finally begin the confirmation tests. It’s deeply moving,” Shoichi Ishii, the head of the government-backed project told Reuters, as the vessel departed the port city of Shizuoka on abright sunny day, with a snow-capped Mount Fujiin the background.

“If this project succeeds, it will be of great significance in diversifying Japan’s rare earth resource procurement,” he said, adding that recovering the key minerals from 6 km below sea level would be a major technological achievement.

The vessel, with 130 crew and researchers, is scheduled to return to the port on Feb. 14.

REDUCING RELIANCE ON CHINA WON’T BE EASY

المزيد من القصص من Business World Philippines

Business World Philippines

Business World Philippines

SPNEC seeks SEC nod for rebranding to MGEN Renewable Energy Holdings

SP NEW ENERGY CORP. (SPNEC) said it has applied for regulatory approval to change its corporate name to MGEN Renewable Energy Holdings, Inc., as part of a broader rebranding initiative within its parent group.

time to read

2 mins

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Business World Philippines

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Taylor Swift named to Songwriters Hall of Fame, second-youngest ever

Taylor Swift, 36, will become the second-youngest songwriter ever inducted into the Songwriters Hall of Fame, joining the ranks of Stevie Wonder, who was 33 when he was inducted in 1983, the organization announced on Wednesday.

time to read

1 min

January 23, 2026

Business World Philippines

Business World Philippines

Missing the point – and falling further behind

In our “In Brief” for New York-based GlobalSource Partners last Monday, and in my interview with Cathy Yang on Money Talks that same day, we addressed a simple but consequential question:

time to read

5 mins

January 23, 2026

Business World Philippines

LoA issuance to resume within Q1

THE BUREAU of Internal Revenue (BIR) may resume the issuance of letters of authority (LoA) within the first quarter, as the agency seeks to boost revenue collection.

time to read

2 mins

January 23, 2026

Business World Philippines

Rice millers committed to higher farmgate prices for palay —DA

RICE MILLERS have committed to raising their buying prices for both wet and dry palay (unmilled rice), while importers agreed to an initial shipment of 300,000 metric tons (MT) to arrive by the end of February, ahead of the peak harvest season, the Department of Agriculture (DA) said.

time to read

2 mins

January 23, 2026

Business World Philippines

Business World Philippines

Eala is all set as PHL becomes part of women’s pro tennis circuit

AND there’s the formality. Alexandra “Alex” Eala is all set for her first-ever home tournament when she spearheads the historic Philippine Women’s Open (PWO) on Jan. 26 to 31 at the Rizal Memorial Sports Complex Tennis Center in Manila on the heels of a historic main draw debut in the Australian Open (AO) in Melbourne.

time to read

3 mins

January 23, 2026

Business World Philippines

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'80s nostalgia seen with fresh eyes

Bagets the Musical gets ready for its audience

time to read

4 mins

January 23, 2026

Business World Philippines

VW bares stronger cash flow despite Porsche woes and weak China sales

Volkswagen (VW) on Wednesday reported better-than-expected net cash flow in 2025 of €6 billion ($7 billion), despite Europe's largest carmaker struggling with weak China sales, US tariff worries and difficulties at luxury sports brand Porsche.

time to read

1 min

January 23, 2026

Business World Philippines

InstaPay, PESONet transfers reach P24.7 trillion in 2025

DIGITAL PAYMENTS in the Philippines continued to grow in 2025 as transfers made through InstaPay and PESONet amounted to P24.745 trillion last year.

time to read

2 mins

January 23, 2026

Business World Philippines

Philippines falling short of its RE targets, says S&P Global

THE PHILIPPINES may not be able to hit its renewable energy (RE) targets on time due to grid constraints and challenges in securing permits, according to S&P Global.

time to read

3 mins

January 23, 2026

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