Posted on Jun 13, 2024
Enormous deposit of rare earth elements discovered in heart of ancient Norwegian volcano
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The heart of an ancient volcano in Norway hosts Europe's largest deposit of rare earth elements, according to the mining company Rare Earths Norway.
On June 6, the company released a report on the deposit, which found that there is an estimated 8.8 megatons of rare earth oxides available in the outcrop. About 1.5 megatons of that is expected to be rare earth magnets, which are used in wind turbines and electric vehicles.
"[T]he resource estimate underscores the potential of the deposit to be a truly transformative asset that can underpin a secure rare earths value chain for Europe," Rare Earths Norway CEO Alf Reistad said in a statement.
On June 6, the company released a report on the deposit, which found that there is an estimated 8.8 megatons of rare earth oxides available in the outcrop. About 1.5 megatons of that is expected to be rare earth magnets, which are used in wind turbines and electric vehicles.
"[T]he resource estimate underscores the potential of the deposit to be a truly transformative asset that can underpin a secure rare earths value chain for Europe," Rare Earths Norway CEO Alf Reistad said in a statement.
Enormous deposit of rare earth elements discovered in heart of ancient Norwegian volcano
Posted from livescience.com
Science
Norway
Geology
Edited >1 y ago
Posted >1 y ago
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Rare like diamonds? :-)
We don't know much about what lies beneath us really....
We don't know much about what lies beneath us really....
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Seek and you shall find. Or that what they say, we have found some in the western states that rival China. If government would get out of the way there is no telling what we can find and develop here. It is great to know it was found in a friendly nation.
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