Swedish LKAB has discovered the largest deposit of rare earth metals in Europe!

More than 1 million metric tons.

Rare-earth elements are essential for high-tech equipment, including military and energy sectors, as well as advanced electronics.

“This is good news, not only for LKAB, the region and the Swedish people, but also for Europe and the climate”

LKAB CEO Jan Mostrom

An application for an exploitation concession will be submitted in 2023, but first rare-earth element delivery is not expected before 2033.