Swedish company LKAB has discovered what’s claimed to be Europe’s biggest deposit of rare earth metals, promising a critical boost in the continent’s trade security and green transition. “Rare earths” are a group of 17 chemical elements composed of scandium, yttrium, and lanthanides. Contrary to their name, rare earths are actually abundant; their rarity stems from the complexity of their extraction, separation, and refining, which can generate toxic and radioactive waste, negatively impacting the environment. But despite their environmental hazards, they are crucial for the manufacture of numerous high-tech products. This ranges from household goods (TVs, computers, and smartphones) to…
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