With the recent unearthing of rare earth mineral deposits on the Japanese island of Minamitorishima, it may be time to invest investors to find way to benefit from the discovery as Japan could become a major producer and global exporter of rare earths, according to an article on Benzinga.

For investors looking to make plays on the newly discovered resource deposit, the best way to gain exposure is through ETFs with broad exposure to the Japanese market such as the iShares MSCI Japanese Index Fund (NYSEArca: EWJ), Benzinga reports.

For more direct options, investors should focus on rare earth companies like Molycorp and Rare Element Resources, the article said.

Rare earth metals are used in small amounts in electronic gadgets, such as a cellphones and computers. Most of the world’s deposits are said to be in China.

Head over to Benzinga.com to read more.