Norway Aims to Exploit Europe's Largest Rare Earth Deposit by 2028
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The Norwegian government has announced plans to establish a mining project for Europe's largest deposit of rare earth metals, located 150 kilometers southwest of Oslo, by 2028. The deposit contains around 1.59 million tons of rare earth metal oxides, including neodymium and praseodymium, which are crucial for electric vehicles, green energy, and the defense industry. The project, owned by Rare Earths Norway (REN), faces environmental hurdles due to the presence of endangered species in the area.
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