Huge rare earth metal discovery in Arctic Sweden
No rare earths are currently mined in Europe, and nearly all of the EU's supply comes from ChinaEurope's largest deposit of rare earths - which are used from mobile phones to missiles - has been found in Sweden.
The discovery is also being seen as "decisive" for the green transition, given the expected rise in demand for electric vehicles or wind turbines.Over one million tonnes are reported to have now been found in Sweden's far north. They can be found in mobiles, hard drives and trains. But they are also important for green technology including wind turbines and electric vehicles. Some are essential for military equipment like missile guidance systems.Demand for them is expected to"Lithum and rare earths will soon be more important than oil and gas," the EU's internal market commissioner Thierry Breton said last year.
"Electrification, the EU's self-sufficiency and independence from Russia and China will begin in the mine", she asserted.
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