Rare Earth Find in Europe Lifts Hope for Shift Toward Clean Energy

[Magnus]

KIRUNA, Sweden—The discovery here of a large deposit of rare earth elements, vital for renewable energy and electric vehicles, offers fresh hopes for Europe’s transition away from fossil fuels and a lessened reliance on China, the world’s top supplier of the critical minerals.

Announcing potentially the largest known find in Europe, Swedish state-owned mining company LKAB said Thursday that some of the rare earth elements in the deposit could be used to produce permanent magnets, which are components in motors for electric vehicles and wind turbines. The company said the rare earth elements could be produced as a byproduct of mining iron ore.

LKAB said the new find will take years to develop and exploit. Based on current timelines for obtaining permits, it could take 10 to 15 years or more before mining of the new deposit begins, the company said. Mr. Moström said he hopes the process can be accelerated.

The newly discovered deposit holds an estimated one million tonnes of rare earth oxides, LKAB said. Rare earth elements are extracted from rare earth oxides.

That volume should be enough to meet much of Europe’s expected demand for manufacturing permanent magnets, the company said.

Rare-Earth Find in Sweden Lifts Hope for Shift Toward Clean Energy

Mineral deposit could lessen Europe’s reliance on China for vital material in electric cars and wind turbines.

www.wsj.com

 

[Manonthestreet]

Nothing like bureaucratic paperwork to strangle an economy. So maybe ...if greenies don't kill it...and or it becomes mute cause other countries beat em to the punch.....

 

[marvin martian]

KIRUNA, Sweden—The discovery here of a large deposit of rare earth elements, vital for renewable energy and electric vehicles, offers fresh hopes for Europe’s transition away from fossil fuels and a lessened reliance on China, the world’s top supplier of the critical minerals.

Announcing potentially the largest known find in Europe, Swedish state-owned mining company LKAB said Thursday that some of the rare earth elements in the deposit could be used to produce permanent magnets, which are components in motors for electric vehicles and wind turbines. The company said the rare earth elements could be produced as a byproduct of mining iron ore.

LKAB said the new find will take years to develop and exploit. Based on current timelines for obtaining permits, it could take 10 to 15 years or more before mining of the new deposit begins, the company said. Mr. Moström said he hopes the process can be accelerated.

The newly discovered deposit holds an estimated one million tonnes of rare earth oxides, LKAB said. Rare earth elements are extracted from rare earth oxides.

That volume should be enough to meet much of Europe’s expected demand for manufacturing permanent magnets, the company said.

Rare-Earth Find in Sweden Lifts Hope for Shift Toward Clean Energy

Mineral deposit could lessen Europe’s reliance on China for vital material in electric cars and wind turbines.

www.wsj.com

Leftists will never allow this resource to be utilized. You people are far too addicted to the third world slave labor that funds your green scams.

 

[Crick]

Leftists will never allow this resource to be utilized. You people are far too addicted to the third world slave labor that funds your green scams.

Are they in charge? Last time I checked, Sweden was a democracy.

 

[ding]

Leftists will never allow this resource to be utilized. You people are far too addicted to the third world slave labor that funds your green scams.

Based on current timelines for obtaining permits, it could take 10 to 15 years or more before mining of the new deposit begins, the company said. Brilliant.

 

[ding]

Are they in charge? Last time I checked, Sweden was a democracy.

Apparently so because according to the article it could take 10 to 15 years or more to get permits before mining of the new deposit can begin.

 

[petro]

All mined with large diesel powered trucks and excavators.

There is no such thing as clean energy.