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https://www.wsj.com/articles/rare-earth-find-in-europe-lifts-hope-for-shift-toward-clean-energy-11673541155

KIRUNA, Sweden—The discovery here of a large deposit of rare earth elements, vital for renewable energy and electric vehicles, offers fresh hopes for Europe’s transition away from fossil fuels and a lessened reliance on China, the world’s top supplier of the critical minerals. 

Announcing potentially the largest known find in Europe, Swedish state-owned mining company LKAB said Thursday that some of the rare earth elements in the deposit could be used to produce permanent magnets, which are components in motors for electric vehicles and wind turbines. The company said the rare earth elements could be produced as a byproduct of mining iron ore.

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This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.