
New discovery of rare earths and minerals in Sweden may be the answer to the EU’s resource troubles
Europe is quite dependent on imports of minerals, including those from Russia and China. According to the European Commission, the European Union (EU) imports more than 80% of the minerals it needs for its industry, including critical minerals such as rare earth elements. China is the largest supplier of rare earth elements to the EU, followed by Russia. Now a new discovery in Sweden may change that.