Mining company LKAB has announced the discovery of the largest deposits of rare earth metals required for the production of cutting-edge technologies in the Swedish Arctic region. Associated press.
The publication says the rare earth metal deposits discovered are the largest known in this part of the world.
“They could become an essential element in the production of key raw materials that are absolutely necessary for the green transition. “There can be no electric vehicle without mines,” said Jan Mostrem, the company’s CEO.
In the background of this discovery, Swedish Minister of Energy and Industry, Ebba Busch, said that “mines will begin electrification of the EU, self-sufficiency in resources, independence from Russia and China”.
The publication explains that although the authorities quickly issued licenses for deposit development, the extraction of these resources could only begin after a few years.
Rare earth metals are used to create new technologies, including the manufacture of computer screens, high-tech weapons, electric vehicles and wind turbines.
Formerly Ohio State University knowledgeableRemoving rare elements from coal mine drainage can help reduce the burden on nature and generate profits.