Numerous Japanese technologies rely on rare-earth elements and other minerals that are supplied by China, the global leader in rare earth mining. However, recent problems with China’s supply of rare earths have caused Japan to instigate a new allocation of resources. This new source of gold comes from used electronics like computers, cell phones, and TVs. These used electronics, however, merely account for an estimated 300,000 tons of rare earths. This amount is miniscule compared to the reserves in China. Hence resources are scarce and must be allocated wisely.
Japan’s new allocation of resources from used electronics is a great step towards sustainability. The feature is that used electronics can be turned into rare-earth elements and minerals and the benefit is that it increases sustainability and creates a greener environment. This additional discovery presents a virtuous example for industries and companies to try and be sustainable with resources. Although this resource is scarce, it is still a great, discovered opportunity. Less is more. With a limited supply of resources, manufacturers will actually produce better products. In contrast, if there was an abundant supply of resources available, numerous products would be manufactured without carefully considering quality, utility, use of resources, etc…
Source:
New York Times: Japan Recycles Minerals From Used Electronics