Mining firm: Europe’s largest rare earths deposit found in Sweden

Authored by politico.eu and submitted by Keffpie
image for Mining firm: Europe’s largest rare earths deposit found in Sweden

A view of the iron mine of Swedish state-owned mining company LKAB | Jonas Ekstromer/AFP via Getty Images

Europe's largest known deposit of rare earth elements — key for building electric vehicle batteries and wind turbines — has been discovered in northern Sweden, mining company LKAB announced today.

The Swedish company found a deposit of rare earth metals exceeding 1 million tons of rare earth oxides.

"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," said Jan Moström, the company's president and CEO.

No rare earth elements are currently mined in Europe, with China providing nearly 98 percent of the EU’s supply.

According to the European Commission, demand for these elements is expected to increase more than fivefold by 2030, as they are needed for building digital and green technologies.

Given current permitting processes, it could take between 10 and 15 years for operations begin at the Kiruna mine, where the deposits were found, said Moström.

He called on Brussels to speed up and streamline those processes as part of its Critical Raw Materials Act, which is slated to be announced on March 14.

"Politics must give the industry the conditions to switch to green and fossil-free production," Sweden's Energy and Industry Minister Ebba Busch said in response to the news.

teknowaffle on January 12nd, 2023 at 20:54 UTC »

Swedish geologist here who can provide a bit of context to this. As it happens my main field is rare earth elements (REE), and their formation within these types of ores that they are talking about. I have no connection to LKAB, the state owned mining firm that announced the discovery.

While they are hailing this as a deposit of REEs what it most likely is is a greenwashing by the Swedish state, and LKAB to more easily sell the public on more iron mining, as this is really just yet another iron ore that happens to have a high content of REE. Shockingly high to be honest, almost enough to make me a bit skeptical that they hadn’t misplaced a decimal in the press release.

The major iron ore deposits that are mined in the Kiruna area, Kirunavaara, Malmberget and so on are what are known as iron-oxide apatite deposits. These occur in other places in Sweden, including central Sweden, Grängesberg, Blötberget to name a couple, and in the world. They are rich in, well, iron, as well as the mineral apatite, which containes abundant phosphorus. Phosphate minerals like apatite have a habit of acting as sort of a vacuum for REEs, enriching them in thes iron ores. These deposits also contain other REE minerals, xenotime, monazite, allanite.

Now why do I suggest that this is greenwashing? Well REEs are a hot topic right now due to being metals that are critical in transitioning to green technology, as well as other high tech uses. The currently mined iron oxide apatite mines up right next door to this new ore body also are rich in REE. Not as rich, but they come out to be about 0.07 percent on average in these ores, but the sheer volume of ore means that the potential tonnage is high. But they aren't hailed in the media as a harbinger of European REE independance.

Now, apatite and its phosphorus is not wanted in iron, so when the iron ore is crushed and enriched on site, it produces a waste sand known as tailings, which are then dumped in ponds near to the mine. The tailings are enriched in the apatite and other REE rich minerals, as the iron has been taken out.

Just the tailings pond in Kiruna, which amount to 76 million tonnes of tailings (as of 2019) have been measured to contain 0.12% REE. Pretty close to what is reported from this new deposit. Combined with other tailings repositories in the area, it is potentially hundreds of thousands of tonnes of REE just sitting there, ready to go more or less, already mined and crushed. They could easily be exploiting that resource if they were serious about REE production. To be fair, there are projects working on it, but it is still small scale pilot projects.

But they don't get splashy international headlines because like I said, I doubt this is really about them hot to mine REE. It is because they want to get at the easy to extract, easy to process iron fast, so the Swedish government makes a big announcement, to sell this as an REE deposit and try and get mining it faster, and wrapping it up in a big green bow to try and make the environmentalists and the Sami keep quiet.

all4whatnot on January 12nd, 2023 at 18:46 UTC »

Welcome to NATO!

SPMoura77 on January 12nd, 2023 at 18:09 UTC »

Bad news for China, good news for world balance.