Sweden has confirmed updated figures for one of Europe’s largest rare earth deposits, EcoNews reports.
The state-owned mining company LKAB announced in its 2025 resource report that the Per Geijer mineral deposit near Kiruna contains around 2.2 million metric tons of rare earth oxides. These materials are essential for electric vehicles, wind turbines and advanced electronics.
The announcement is significant because China today dominates global rare earth processing. European industries therefore rely heavily on Chinese supply for key components used in the green transition.
If the Swedish project is developed, LKAB estimates it could eventually supply up to 18 percent of the European Union’s demand for rare earths. The deposit is still in the study phase, and full production is not expected before the next decade.
Even so, the updated estimates strengthen Sweden’s position as the EU looks for ways to reduce dependence on China in critical raw materials.
[…] First Sweden. Now Norway. […]