The Norwegian government has set its sights on developing mining facilities at Europe’s largest known rare-earths deposit by 2028 at the very latest. Located about 150 km southwest of Oslo, the Fen Complex is estimated to hold a whopping 15.9 million tonnes of rare-earth oxides. Among these are neodymium and praseodymium, key components used in powerful magnets that drive electric vehicles, renewable energy technologies, and even defence equipment. But hold on – this project has faced significant delays due to environmental concerns that have been a stumbling block for years.
Surveys conducted in the area have identified a staggering 78 endangered species of animals and plants, including rare beetles, unique trees, mosses, and fungi. Now, Rare Earths Norway (REN), the company that holds the extraction rights, claims that the mine itself would be “invisible,” with all extraction and crushing activities happening underground. However, they will still need surface processing facilities. Earlier this year, Norway’s government took over the planning responsibilities from the local municipality, diving into studies of alternative locations for these surface installations.
Industry Minister Cecilie Myrseth made it clear during a press conference on Wednesday: “The objective is to have a plan in place by 2028 at the latest, but preferably before then.” This ambitious project could potentially bolster European and broader Western supply chains for critical minerals, a much-needed move given that no rare-earth deposits are currently being mined in Europe. This means the continent is heavily reliant on China for these vital resources.
Rare earth metals are not just some fancy elements; they play a crucial role in the production of everything from smartphones and electric cars to fighter jets. The European Union classifies them as critical materials. REN is optimistic and aims to kick off mining in the first half of the 2030s.
So, what does this mean for the future? Will Norway’s plan succeed, or will environmental concerns once again put the brakes on this critical project? Only time will tell.
Kaynak: Orijinal Haber