President and CEO of Swedish mining company LKAB Jan Mostrom and Sweden's energy minister Ebba Busch attend a news conference at LKAB in Kiruna, Sweden, about the discovery
(Picture: TT News Agency / Jonas Ekstromer via Reuters)Sweden’s state-owned mining company, LKAB, has announced that it has located more than one million tonnes of rare earth minerals in the northern parts of the Swedish city, Kiruna.
It revealed that the deposit was found next to its iron-ore mine and it’s the largest cache of rare earth oxides discovered in Europe.