Posted on 01/13/2023 5:29:15 PM PST by DUMBGRUNT
Swedish mining company LKAB discovered one million metric tons of rare earth oxides, which are used in electric vehicles and wind turbines.
CEO Jan Moström said it was good news for Europe, which imports 99% of its rare earth elements from China.
State-owned Swedish mining company LKAB said it has found what it believes to be Europe’s largest known deposit of rare earth elements.
However, the company said the road to mining would be “long,” with an exploration license still to be submitted and several more years of exploration needed to discover the full extent of the deposit.
“If we look at how other permit processes have worked within our industry, it will be at least 10-15 years before we can actually begin mining and deliver raw materials to the market,” Moström said.
(Excerpt) Read more at cnbc.com ...
Probably moved on to the improved Fusion Home Energy Reactor.
(rare earth elements)
Get ready
I bet the Chinese are there.
The good news is that Greta Thunberg will shut this Mitt down immediately, after the cryptocurrency transfer from the Kremlin clears...
Save us, Greta!!!
“If we look at how other permit processes have worked within our industry, it will be at least 10-15 years before we can actually begin mining and deliver raw materials to the market,”
Lotta good it’s going to do for the next 10 years.
I see what you did there, woman, woman your touch, your touch has grown cold!
"Sweden finds Europe’s largest deposit of rare earth metals, which could become ‘more important than oil and gas’"
Considering the following reference, I'm skeptical if Swedish discovery is significant.
They better check with greta!
How many yrs before people wise up and discover that electric vehicle are a joke?
How unfortunate, though it may work out in the future as better uses are found for those materials than the present ones.
No you DINT!
That's just like saying "Beetlejuice, Beetlejuice, ...um, TexasGator", and HE SHALL APPEAR!
It will take a lot of oil to dig up those rare earth metals.
“I bet the Chinese are there.”
If they don’t have a major ownership stake in it, they’ll covertly fund Greta and other environmental groups to stop it.
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