- Swedish mining company has found a million metric tons of rare earth oxides
- Rare earth metals are used in many technological applications
- China currently dominates the rare earths market with around 90% of total supply
- Swedish find is not as significant as initially thought due to large quantity needed to extract small amounts of rare earths .
- Processing technologies are not new and have been used since the 1920s
- Processing is toxic and time consuming
- Chinese dominance is due to subsidizing of industry
- Other countries have stockpiled and built processing capacity in case of Chinese cut off
You can watch the full Sweden’s (Not So) Rare Earth Metals on YouTube – Published January 16, 2023
