"Sweden Unearths Europe's Vast Rare Earth Deposit for Green Technology"

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Source: NPR
"Sweden Unearths Europe's Vast Rare Earth Deposit for Green Technology"
Photo: NPR
TL;DR Summary

Swedish state-owned mining company LKAB has discovered the largest-known deposit of rare earths in Europe at its iron ore mine in Kiruna. The rare earths, used in renewable energy technologies, are crucial for Sweden's transition to clean energy and reducing dependence on China, which dominates the global supply. The exploration process is expected to take several years before extraction can begin, but Sweden aims to achieve energy independence and avoid geopolitical challenges by developing its own rare earth processing capacity within Europe. However, concerns about environmental impact and Indigenous lands remain.

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