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Europe’s largest rare earths deposit discovered in Sweden

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Picture taken on January 12, 2023 shows a view of the iron mine of Swedish state-owned mining company LKAB in Sweden’s northernmost city Kiruna. – Europe’s largest known deposit of rare earth elements — key for the production of electric cars — has been discovered in Sweden’s far north, Swedish mining company LKAB said. (Photo by Jonas EKSTROMER / TT News Agency / AFP) / Sweden OUT / SWEDEN OUT

Europe’s largest known deposit of rare earth elements, essential for the manufacturing of electric vehicles, has been discovered in Sweden’s far north, boosting Europe’s hopes of cutting its dependence on China.

Swedish mining group LKAB said Thursday the newly-explored deposit, found right next to its iron ore mine, contained more than one million tonnes of rare earth oxides.

“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 chief executive Jan Mostrom said in a statement.

“We face a supply problem. Without mines, there can be no electric vehicles,” Mostrom added.

While the find is believed to be the biggest in Europe, it remains small on a global scale, representing less than one percent of the 120 million tonnes estimated worldwide by the US Geological Survey.

In 2021, the European Commission said that 98 percent of the rare earths used in the EU were imported from China, prompting Brussels to urge member states to develop their own extraction capacities.

LKAB’s find was presented as a delegation from the European Commission visited Sweden, which took over the rotating EU presidency at the start of the year.

“Today, the EU is way too dependent on other countries for these materials,” Swedish Energy Minister Ebba Busch told a press conference, pointing specifically to Russia and China.

“This must change. We must take responsibility for the raw material supply needed for the (green) transition,” she added.

– Trade not enough –

The European Union has agreed to phase out new CO2-emitting vehicles by 2035, effectively banning combustion engine cars, meaning the need for rare earth materials will only increase.

In the short term, Busch said the EU needed to “diversify” its trade.

“But in the long run, we cannot rely on trade agreements only,” she said.

Mostrom said the full extent of the deposit had yet to be established.

“We are continuing to conduct exploration to see how big this is,” Mostrom told AFP, adding that LKAB was also still in the process of figuring out how the new deposit could be mined.

Mostrom said it was difficult to accurately gauge the impact of the discovery on reducing Europe’s dependence on Chinese imports.

But he said he was confident “it will have a huge impact.”

Asked during a press conference when the deposit could actually be mined and deliver raw materials to the market, Mostrom said it would largely depend on how quickly permits could be secured.

But based on experience, it would likely be “10 to 15 years”, he said.

(FILES) This file photo taken on November 16, 2012 shows the iron mine of Swedish state-owned mining company LKAB (Luossavaara-Kiirunavaara Aktiebolag) at Sweden’s northernmost town of Kiruna. – Europe’s largest known deposit of rare earth elements — key for the production of electric cars — has been discovered in Sweden’s far north, Swedish mining company LKAB said on January 12, 2023. LKAB said the newly-explored deposit, found right next to an iron ore mine, contained more than one million tonnes of rare earth oxides. (Photo by Jonathan NACKSTRAND / AFP)

According to LKAB, the rare earth elements found in the Per Geijer deposit occurred “in what is mainly an iron ore deposit and which may therefore be produced as by-products,” creating new opportunities for potentially “competitive mining.”

– From magnets to lenses –

Rare earth minerals with names like neodymium, praseodymium and dysprosium are crucial to the manufacture of magnets used in industries of the future, like wind turbines and electric cars.

They are also present in consumer goods such as smartphones, computer screens and telescopic lenses.

Others have more traditional uses, like cerium for glass polishing and lanthanum for car catalysts or optical lenses.

Sweden is one of the EU’s biggest mining countries.

More than 90 percent of the EU’s iron ore production comes from the Scandinavian country, which also has the bloc’s largest lead and zinc production, the second largest silver production, and among the highest gold and copper production, according to the Geological Survey of Sweden.

 

 

 

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‎LAF Foundation Founder, Adisa Marks Birthday with Food Outreach in Oyo

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‎Founder of the LAF Foundation, Dr. Olalekan Adisa, has  celebrated his birthday by distributing food items to residents across Ido Local Government Area of Oyo State, reaffirming his commitment to supporting vulnerable members of society.

The outreach, which attracted beneficiaries from different communities within the council area, was organised to cushion the effects of the current economic hardship confronting many households. Residents, including the elderly, widows, and low-income earners, received bags of rice and other food items from the foundation.

‎According to Adisa, his birthday was an opportunity to appreciate God by extending love and kindness to people in need rather than holding elaborate celebrations.

He said: “Every birthday reminds me that life is meaningful only when it positively impacts others. Today is not just about celebrating another year; it is about sharing God’s blessings with those around us. If we all make helping others a habit, our communities will become stronger and more united.”

The scholar noted that the LAF Foundation would continue to champion humanitarian interventions aimed at improving the welfare of the less privileged through education support, health initiatives, youth empowerment and community development programmes.

‎In his words, “The economic realities demand that those who have the capacity should lend a helping hand. This gesture may seem small, but for many families, it will make a significant difference. Our commitment to humanity remains unwavering.”

‎Some beneficiaries expressed appreciation to the foundation for the timely intervention, describing the gesture as a source of relief. They commended Adisa for consistently identifying with ordinary people and prayed for greater strength and resources for him to sustain the initiative.

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‎Oseni hails Dotun Sanusi’s elevation as Gbonka Olubadan, says honour well deserved

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‎The All Progressives Congress (APC) candidate for Oyo South Senatorial District in the 2027 general election and member representing Ibarapa East/Ido Federal Constituency in the House of Representatives, Hon. Aderemi Oseni, has congratulated foremost businessman and philanthropist, Chief Dotun Sanusi, on his elevation to the prestigious chieftaincy title of Gbonka Olubadan of Ibadanland, describing the honour as a fitting reward for a life devoted to service, compassion and the development of humanity.

‎Oseni, in a statement issued on Friday by his Media Aide, Idowu Ayodele, said the elevation was a well-deserved recognition of Chief Sanusi’s outstanding contributions to the socio-economic growth of Ibadanland and his unwavering commitment to improving the lives of countless people through philanthropy, enterprise and community development.

‎The federal lawmaker noted that Chief Sanusi has, over the years, distinguished himself as an exceptional son of Ibadan whose investments, humanitarian interventions and unwavering support for the less privileged have continued to leave lasting footprints across Oyo State and beyond.

‎He said the latest elevation in the revered Olubadan traditional succession line was not merely a recognition of status, but a celebration of character, integrity and purposeful leadership, adding that Chief Sanusi has consistently demonstrated that genuine greatness is measured by the number of lives positively impacted.

‎According to the chairman, House Committee on Federal Roads Maintenance Agency (FERMA), the respected industrialist has earned the admiration of many through his humility, generosity and unwavering commitment to the progress of his people, stressing that his contributions to education, healthcare, youth empowerment and economic development have continued to strengthen communities and inspire hope.

“On behalf of my family and the good people of Ibarapa East/Ido Federal Constituency, I heartily congratulate my distinguished  brother and friend, Chief Dotun Sanusi, on his well-deserved elevation as the Gbonka Olubadan of Ibadanland. This honour is not only a recognition of your place in the revered Olubadan traditional institution, but also a celebration of your remarkable life of service, sacrifice and unwavering commitment to humanity,” Oseni said.

‎He added: “You have consistently shown that true leadership is about touching lives, creating opportunities and giving hope to others. Your philanthropy has restored dignity to many families, empowered young people, supported education and strengthened communities. It is gratifying to see these noble contributions being recognised through this prestigious elevation. I am confident that you will continue to serve Ibadanland with the same humility, wisdom and sense of responsibility that have always defined your public life.”

‎Oseni also commended the Olubadan of Ibadanland and the Olubadan-in-Council for preserving the time-honoured succession tradition, describing the institution as one of the enduring symbols of stability, unity and cultural heritage in Yorubaland.

‎He expressed confidence that Chief Sanusi’s elevation would further strengthen the traditional institution while inspiring a new generation of leaders to embrace selfless service, integrity and genuine commitment to community development.

The APC senatorial candidate prayed for God’s continued guidance, sound health and greater wisdom for the new Gbonka Olubadan as he ascends to higher responsibilities, expressing optimism that his new status would open another remarkable chapter of impactful service to Ibadanland, Oyo State and Nigeria as a whole.

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Oriire Rescue: SWEGOP Seeks Stronger Security in Border Communities

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The South West Guild of Online Publishers has urged the Federal and Oyo State governments to strengthen security in border communities following the rescue of pupils and teachers abducted from Oriire Local Government Area of Oyo State.

The guild said the successful rescue of the victims, who regained their freedom on Friday after spending months in captivity, should mark a turning point in efforts to secure vulnerable communities and prevent similar attacks.

In a statement issued on Sunday and jointly signed by its Chairman, Bisi Oladele, and Public Relations Officer, Remi Oladoye, SWEGOP commended President Bola Tinubu, Oyo State Governor Seyi Makinde and the security agencies for what it described as their commitment and coordinated efforts that led to the victims’ rescue.

The guild described the operation as proof that strong political will, intelligence-driven operations and effective collaboration among security agencies can deliver positive results in the fight against insecurity.

It also praised the gallantry, resilience and professionalism of the military and other security personnel involved in the operation, noting that their sacrifices had restored hope to the rescued victims, their families and residents of Oyo State.

While celebrating the successful rescue, SWEGOP sympathised with the families of security personnel and civilians who lost their lives during the ordeal, praying for the peaceful repose of the deceased.

The publishers observed that recent abductions across parts of the country revealed a disturbing pattern of attacks on border communities, where inadequate security presence, poor road networks, weak telecommunications infrastructure and easy escape routes into neighbouring countries have continued to expose residents to criminal activities.

It, therefore, called on governments at all levels to sustain the level of cooperation demonstrated during the rescue operation by strengthening collaboration among security agencies, traditional rulers, community leaders and other critical stakeholders to improve the safety of residents.

The guild further urged both the Federal Government and the Oyo State Government to deepen investments in intelligence gathering, surveillance technology, rapid response mechanisms and community policing to guarantee the safety of schools and ensure that children can learn without fear.

SWEGOP reaffirmed its commitment to responsible journalism and pledged continued support for initiatives aimed at promoting peace, public safety and the protection of lives and property across the South-West and the country.

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