Sweden’s state-owned mining company says it has identified more than 1 million tonnes of rare earth minerals in the northern area of Kiruna.
LKAB said on Thursday that the deposit, found next to its iron ore mine, was the largest of rare earth oxides in Europe.
Rare earth minerals are vital to making many high-tech goods. They are used in electric vehicles, wind turbines, portable electronics, microphones and speakers.
Jan Mostrom, LKAB’s CEO, told Al Jazeera that finding the deposit is “quite significant”.
“One thing is that we can identify quite large deposits of this material here inside the European Union, and these materials will be vital for electrification,” he said.
That explains Lithium futures skyrocketing Friday
For shame Europe, mining into mother earth. Thats frowned upon. Instead, man made wind mills in the ocean are more important. Wind mills move to generate electricity thats sent back to the mainland.
Hmmmm any test to figure out the underwater noises the wind mills could make. Maybe aquatic sounds that those living in the sea could hear????
How many whales resently have washed up on Delaware shores?????
Asking for a friend.