Swedish mining company LKAB says it has found Europe’s largest deposit of rare earth oxides in the country’s north, a discovery that could reduce the continent’s reliance on China for the critical resource
. Rare earth minerals play a key role in generating clean energy and producing electric vehicles and consumer electronics. But the market is dominated by China, which accounts for 60% of global production, according to the US Geological Service.
, the region and the Swedish people, but also for Europe and the climate,” said Jan Moström, president and group CEO of
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