Sweden: Europe's largest rare earths deposit discovered in Sweden

[wvwvw]

President and CEO of Swedish mining company LKAB Jan Mostrom (L) and Sweden's Minister for Energy, Business and Industry Ebba Busch attend a news conference at LKAB in Kiruna, Sweden, on January 12, 2023. - LKAB announced that Europe's largest deposit of rare earth metals is located in the Kiruna area.

LKAB said the newly-explored deposit, found right next to an iron ore mine, contained more than one million tonnes of rare earth oxides
Staff Writer, Agence France-Presse (AFP)
January 12, 2023

Europe's largest known deposit of rare earth elements -- key for the production of electric cars -- has been discovered in Sweden's far north, Swedish mining company LKAB said Thursday.

LKAB said the newly-explored deposit, found right next to an iron ore mine, contained more than one million tonnes of rare earth oxides.

"This is the largest known deposit of rare earth elements in our part of the world, and it could become a significant building block for producing the critical raw materials that are absolutely crucial to enable the green transition," LKAB's chief executive Jan Mostrom said in a statement.

"We face a supply problem. Without mines, there can be no electric vehicles," Mostrom added.

The full extent of the deposit has not been established yet.

Mostrom said it would likely "take several years to investigate the deposit and the conditions for profitably and sustainably mining it."

Asked when the deposit could actually be mined, Mostrom said at a press conference it would largely depend on how quickly permits could be secured.

But based on experience it would likely be "10 to 15 years", he said.

The find was presented as a delegation from the European Commission visited Sweden, which took over the rotating EU presidency at the start of the year.

Swedish Energy Minister Ebba Busch noted that the "need for minerals" is great as the EU is striving to transition to fossil-free production.

The European Union has agreed to phase out new CO2-emitting vehicles by 2035, effectively banning combustion engine cars.

"Electrification, the EU's self-sufficiency and independence from Russia and China will begin in the mine," Busch said.

Politicians must provide industry the conditions needed "to switch to green and fossil-free production," she added.

https://www.zawya.com/en/world/uk-an...-firm-p99t4cul

[Lemminkäinen]

We have already a mine producing nickel and cobalt to million electric cars in year and starting another mine with a deposit of estimating over 100000 tons LiO2.

[dviz]

"Rare earths" are not rare at all.

Their scarcity is manufactured through idiotic legislation, then they're mined in countries with cheap and poor labor and environmental practices. All for bigger profits of a select few.

[frankhammer]

Other mines are coming online on other continents. Environmentally friendlier than the Chinese supplied material too.

All those folk who believe the west needs these rogue states materials need to think again. Their actions only push nations to source material elsewhere or change to and/or develop alternatives and technologies.

China Dominates the Rare Earths Market. This U.S. Mine Is Trying to Change That.

https://www.politico.com/news/magazi...mines-00071102

https://lynasrareearths.com/

[wvwvw]

The only other country in Europe with rare earth's deposite is Greece, which Turkey manically is trying to steal, but to her frustration can't.

They are rare minerals indeed and extremely valuable.

Those rare minerals include elements that are necessary for the manufacture of computers, cars, satellites, windpower generators and many more products. Over 90 percent of such minerals’ global reserves are in China, which has developed significant know-how in finding and mining them.

[Atlantic Reptilian]

Everyone knows that northern Sweden has lots of minerals and such.

[frankhammer]

Those rare minerals include elements that are necessary for the manufacture of computers, cars, satellites, windpower generators and many more products.

ftfy so that only factual information remains.

[Rædwald]

I lived in Kiruna for a bit, they're moving the whole town because of the mine.

[Annihilus]

The only other country in Europe with rare earth's deposite is Greece, which Turkey manically is trying to steal, but to her frustration can't.

They are rare minerals indeed and extremely valuable.

Those rare minerals include elements that are necessary for the manufacture of computers, cars, satellites, windpower generators and many more products. Over 90 percent of such minerals’ global reserves are in China, which has developed significant know-how in finding and mining them.

ROFLMAO where are your deposits exactly Turkey is trying to steal?

Btw rare earths are not rare and no way China has 90% of it. Rare means you have to go through absurd amount of rock to get some. China is willing to destroy the land to get it, that is why they are no. 1 producer. Turkey is sitting on rare earths too you dumb Greek.

[Annihilus]

Check out this toxic lake in China from rare earth mining, chinks just dump the hazardous waste in the open. They are literarily raping the land.