Europe's largest-known rare earth metals deposit found in Sweden

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Europe's largest-known rare earth metals deposit found in Sweden
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Rare earth elements are currently not mined in Europe, but are essential for manufacturing electric vehicles and wind turbines.

abc.net.au/news/sweden-finds-europes-biggest-deposit-of-rare-earth-metals/101855912A Swedish mining company says it has found Europe's largest deposit of rare earth metals, which are essential for manufacturing high-tech products such as mobile phones and electric vehicles.

Rare earths are currently not mined in Europe, leaving the region dependent on imports from elsewhere, while demand is expected to rise in coming years due to a ramp-up in electric vehicles and renewable energy. Sweden currently holds the rotating presidency of the European Union and is a country seen as a key part of the EU's strategy for self-sufficiency in key minerals.

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