Swedish mining company finds Europe's largest rare earth metals deposit

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Swedish mining company finds Europe's largest rare earth metals deposit

STORY: Swedish mining company finds Europe's largest rare earth metals deposit DATELINE: Jan. 13, 2023 LENGTH: 00:01:14 LOCATION: Stockholm CATEGORY: ECONOMY SHOTLIST: 1. various of animation 2. various of a press conference STORYLINE: The largest known deposit of rare earth metals in Europe has been discovered in Sweden, state-owned mining company LKAB said on Thursday. Found in the vicinity of an existing iron mine near the northern city of Kiruna, the deposit exceeds one million tonnes, the company said in a press release. "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," LKAB's President and Group Chief Executive Officer (CEO) Jan Mostrom said. "We are already investing heavily to move forward, and we expect that it will take several years to investigate the deposit and the conditions for profitably and sustain

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