Rare mineral deposits found in Sweden
According to a BBC report, the European country Sweden has found the largest deposit of the rare mineral, which is used in everything from phones to missiles. After getting this rare mineral, not only Sweden’s economy will change forever, but Europe will become self-sufficient in rare minerals. The rare mineral is currently not mined in Europe and a Swedish minister hailed the discovery as a way to reduce the EU’s dependence on China. The Swedish minister says that after the discovery of this rare mineral deposit, European countries’ dependence on China could end forever.
The discovery is believed to be decisive
The discovery is also being hailed as a “pivotal” discovery for the green transition, given the boom in demand for electric vehicles and wind turbines. Let us tell you that in 2021, about 98% of the rare minerals used in the EU were imported from China, which shows how dependent the EU is on China. However, the mineral that has been discovered in the north of Sweden has a potential of more than one million tonnes. This mineral deposit has been discovered by Sweden’s government mining company LKAB, which is located about one thousand kilometers north of Stockholm.
17 elements are considered rare minerals
However, the US believes that the rare mineral deposits found in Sweden are only a fraction of the world’s 120 million tonnes. Let us tell you that, the term rare mineral refers to a group of 17 elements found inside the earth, which are used in the manufacture of many scientific products and infrastructure and the importance of these rare substances is very important for our everyday life. are important. These rare minerals are used to apply artificial intelligence technology in mobiles, hard drives, cars and trains. Let us tell you that rare mineral elements contain minerals like europium, cerium, neodymium, praseodymium, dysprosium, which are very rare and essential for modern technology.
Darkness in a world without rare minerals
In today’s era, rare minerals are also used in the manufacture of electric cars and the semi-conductor on which all the electric items of the world depend, that semi-conductor is also made from rare minerals only. Apart from these, equipment like navigation system in the missile is also manufactured from these rare elements. Although it is very difficult to extract these elements from the earth and they also harm the environment, but by the year 2030, the demand for these rare elements is expected to increase five times.
A fight may break out in the future!
Thierry Breton, the EU’s internal market commissioner, said last year that “lithium and rare earths will soon be more important than oil and gas.” At the same time, speaking at a press conference on Thursday, Swedish Energy Minister Ebba Busch said that the European Union was “too dependent on other countries for these materials.” And he insisted, that change is needed. He clearly stated that “the beginning of electrification, self-reliance of the European Union and independence from Russia and China will begin in this mine.” At the same time, Jan Mostrom, CEO of LKAB Mining Company, has said that within the next 10 to 15 years, the supply of rare minerals from the discovered mine will start in the markets.