Sweden grants 25-year concession to heavy rare earth deposit
Company News · Mining.com ·
The Swedish government granted Leading Edge Materials a 25-year mining lease for its Norra Kärr project, one of Europe's most significant rare earth deposits. The deposit is rich in heavy rare earths — terbium, dysprosium and yttrium — used in permanent magnets, and is said to be able to supply all of Europe's annual dysprosium requirements, helping reduce reliance on China.