Norway discovers Europe's largest deposit of rare earth metals
Alf Reistad, CEO of Rare Earths Norway, told CNBC that the discovery represents a "great milestone" for the company.
Can Norway start handing out some of those resource W's to the rest of Europe please? They're playing civilisation on easy mode here
Norway and the US are using hacks. Whenever there's a shortage of something, a farmer in Bumfucksville, Iowa or fisherman in Bømføkstad, Norway finds some immense reserve of it.
Bømføkstad lmao
The rare resources were not uncovered on the map before the technologies to use them were researched
Thumbnail makes it look like they were under somebody's bed
2024 June 7
(...) After three years of targeted exploration, REN calculated this week a JORC-compliant inferred resource of 559 million tonnes at 1.57% total rare earth oxides (TREO). This means that the Fen carbonatite complex contains 8.8 million tonnes TREO with a reasonable prospect for eventual economic extraction, the company said. (...)
https://www.mining.com/rare-earths-norway-says-its-ree-discovery-is-europes-largest/
https://www.ga.gov.au/scientific-topics/minerals/mineral-resources-and-advice/australian-resource-reviews/rare-earth-elements "The group of metals referred to as rare earth elements (REE) comprises the 15 elements of the lanthanide series. Metals in the lanthanide series are: lanthanum (La), cerium (Ce), praseodymium (Pr), neodymium (Nd), promethium (Pm), samarium (Sm), europium (Eu), gadolinium (Gd), terbium (Tb), dysprosium (Dy), holmium (Ho), erbium (Er), thulium (Tm), ytterbium (Yb) and lutetium (Lu). In addition, yttrium (Y) and scandium (Sc) are often grouped with the lanthanides and referred to as REE."
Very good yes ... and since all these are quite valuable, this few million ton's discovery is likely to be worth tens of trillions (€ or $)
Can somebody explain what rare earth and metals we are talking about? Why does the article not mention that?
Rare earth metals are typically all found in the same ores.
Norway about to get richer again!
China joins the chat.
