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Europe’s Largest Deposit of Rare Earths
January 24 , 2023
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- Swedish government reported the largest deposit of rare earth metals ever discovered in Europe, more than a million tonnes of rare earth oxides.
- There is currently zero rare earth mining in Europe.
- China has produces some 61% of the world's rare earth supply.
- The world's largest known rare earths deposit is the Bayan Obo deposit in Inner Mongolia, northern China.
- It has been in production since 1957 and contains some 40 million tonnes of reserves.
- There are 17 rare earth elements, prized for their outstanding magnetic and conductive qualities.
- The most important at the moment is neodymium, which is alloyed with boron and iron to form the world's strongest permanent magnets.
- They can be found in mobiles, hard drives, and trains.
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