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The largest deposit of rare metals in Europe is discovered in Sweden

2023-01-13 18:05:02Biznes SHKRUAR NGA REDAKSIA VOX
The largest deposit of rare metals in Europe is discovered in Sweden
The largest deposit of rare metals in Europe is discovered in Sweden

Europe's largest deposit of rare metals, widely used in industries from building telephones to rockets, has been discovered in Sweden.

At the moment there is no mine of these metals in Europe and for Sweden this discovery is a way out for reducing the European Union's dependence on China. The discovery is also considered crucial for the transition to a green economy, due to the ever-increasing demand for electric cars and wind turbines. In 2021, around 98% of rare metals in the EU were imported from China.

According to reports, over 1 million tons of rare metals have been found in the Swedish Arctic. According to the United States of America, in the world, reserves of these metals are estimated to be around 120 million tons.

The term rare metals is used for a group of 17 elements that are used in the construction of a wide range of products and in infrastructure, which are extremely important to everyday life. They are found in mobile phones, computer devices and trains. But they are also important for green technology, as they are also used to build wind turbines and electric cars. Some elements are also used for military equipment, such as missiles and guidance systems.

The extraction of these metals is dangerous and has the potential to damage the environment. But the demand for them is predicted to grow 5-fold by 2030.

What are rare metals?

Neodymium: Used to build powerful magnets, used in speakers and computer units, making them smaller and more efficient. Neodymium magnets are also used to build wind turbines and hybrid cars.

Lanthanum: This element is used in the construction of telescope and camera lenses, as well as in lighting and cinema.

Cerium: Used in car catalysts and in the oil refining process.

Praseodymium: Used to create hard metals used in the construction of aircraft engines.

Gadolinium: Used in X-ray and MRI scanning systems, and in television screens.

Yttrium, terbium, europium: Used to build television and computer screens and other devices with screens. Europium is also used in the construction of nuclear reactor rods.

Source: Royal Society of Chemistry, British Geological Survey

 


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