ICYMI - Europe's biggest deposit of rare earths discovered in Sweden

Catching up on this from overnight. LKAB is a Swedish iron ore miner. Its announced its found Europe’s largest deposit of rare earth elements.

• “This is the largest known deposit of rare earth elements in our part of the world, and it could become a significant building block for producing the critical raw materials that are absolutely crucial to enable the green transition”

Rare earths are used extensively in electric cars and other tech. China is the #1 supplier of rare earths, and this discovery is unlikely to displace them. The LKA site is, on a global scale, small. Its around 1% of the circa 120mn tonnes estimated worldwide.

More here.

eur EUR The euro (EUR) is the official currency of the European Union (EU) and 19 of 27 member states at the time of writing. It is the second most-traded currency worldwide in forex markets after the US dollar.The euro was originally introduced back on January 1, 1999, having replaced the European Currency Unit. Banknotes and physical euro coins subsequently entered circulation only in 2002.Upon its adoption, the euro replaced domestic currencies in participating EU member states. The rise in its value The euro (EUR) is the official currency of the European Union (EU) and 19 of 27 member states at the time of writing. It is the second most-traded currency worldwide in forex markets after the US dollar.The euro was originally introduced back on January 1, 1999, having replaced the European Currency Unit. Banknotes and physical euro coins subsequently entered circulation only in 2002.Upon its adoption, the euro replaced domestic currencies in participating EU member states. The rise in its value Read this Term