Rare Earths Norway has discovered Europe’s largest rare earth elements deposit, challenging China’s control over the market. With 8.8 million metric tons of total rare earth oxides, this deposit in Norway could play a crucial role in the clean energy transition. The company hopes to contribute to the EU’s goal of extracting 10% of its rare earth demand by 2030. This discovery shows the growing significance of rare earth elements, with the International Energy Agency suggesting they will be more important than oil and gas. Rare Earths Norway plans to start mining by 2030, highlighting the shift towards sustainable energy sources.
https://www.cnbc.com/2024/06/11/norway-discovers-europes-largest-deposit-of-rare-earth-metals.html