- It is the largest known deposit of rare earth metals in our part of the world and could become a significant building block for obtaining the critical raw materials that are absolutely crucial to enable the green transition.
We are facing a supply problem.
Without mines, no electric cars, says Jan Moström, president and CEO of LKAB.
He continues to tell us that the find is not defined, only a small part has been examined.
Important metals
The rare earth metals in the Kiruna area, necessary for, among other things, the manufacture of electric cars and wind turbines.
Currently, those metals come from China.
- China is completely dominant, both for mining and refining.
It involves a risk.
China may no longer want to supply raw materials, but for example only finished cars, says Jan Moström.