Sunday, May 19, 2024
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Swedish state-owned mining company LKAB on Thursday said it had identified more than 1 million tonnes of rare earth oxides in the Kiruna area in the far north of the country, the largest known such deposit in Europe.

Rare earth minerals are essential to many high-tech manufacturing processes and are used in electric vehicles, wind turbines, portable electronics, microphones and speakers.

“This is good news, not only for LKAB, the region and the Swedish people, but also for Europe and the climate,” LKAB CEO Jan Mostrom said in a statement.

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