Swedish mining company LKAB on Monday raised by a quarter its estimate of the size of deposits of rare earth oxides in the Kiruna area of northern Sweden, already Europe's biggest discovery of minerals key to green technologies like electric motors.
LKAB raises deposit estimate at Europe s biggest rare earth find mining.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mining.com Daily Mail and Mail on Sunday newspapers.
The discovery of deposits of large quantities of rare earths in Sweden marks the beginning of the end of the dependency of Europe on China for rare earth materials which, for their widespread usage in hi-tech areas, is regarded as valuable as gold, The Hong Kong Post reported.