Norway Says Europe's 'Largest' Rare-Earth Mine Plan Set for 2028
Norway aims to finalize a 2028 plan for Europe’s largest rare-earth deposit as environmental reviews slow surface processing decisions.
- On Wednesday, Industry Minister Cecilie Myrseth announced Norway aims to deliver a plan by 2028 "at the latest" to exploit the Fen Complex, Europe's largest known rare-earth deposit containing 15.9 million tonnes of oxides.
- Rare earth metals like neodymium and praseodymium are vital for "super magnets" used in defense and green energy, yet Europe currently depends entirely on China for these critical supplies.
- Environmental challenges complicate the project, as the preferred processing site for the "invisible mine" lies within an old-growth forest home to 78 endangered species, including mosses and fungi.
- Rare Earths Norway chief executive Hvard Moe welcomed the government's decision to prioritize the Fen Complex, urging officials to follow up with concrete measures and sufficient resources.
- Following earlier delays, REN hopes to start mining at the site 150 kilometres southwest of Oslo in the first half of the 2030s, potentially bolstering European and Western supply chains.
24 Articles
24 Articles
Norway has the largest known rare earth deposit in Europe. A development plan is to be presented by 2028, but there are problems with the project.
A new deposit of rare earth metals has been discovered on the European continent, creating new data in one of the most important sectors of the global economy. It may be that Europe has recently turned its attention significantly to electric cars and forms of green mobility, gradually marginalizing traditional vehicles with thermal engines, in view of the impending ban in 2035, but the truth is that the initial plans do not seem to be developin…
(Brussels=Yonhap News) Correspondent Hyun Yun-kyung = [He/She] announced that it would finalize a plan to develop the largest rare earth deposit confirmed in Europe to date by 2028 at the latest...
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The Peninsula QatarNorway sets 2028 target for rare-earth mining plan
Norway's government said Wednesday that it aimed to deliver a plan by 2028 "at the latest" to exploit Europe's largest known rare-earths deposit, a project that has been held up by environmental challenges.
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