Sweden already plays a significant role in the history of rare earths. Perhaps the key to Europe's independence from raw materials also lies in Scandinavia.
China's market power in the rare earths sector is repeatedly perceived as a potential threat. But where do these fears come from?
China wants to consolidate its rare earth industry. Insiders think that the aim is to gain more influence on the pricing of strategic raw materials.
The end of the internal combustion engine is set to become a reality from 2035. Large quantities of strategic raw materials are needed to produce e-cars. Australia could become an alternative to China.
Rare earths are also found in the USA, but there are no processing plants for the extracted material. This is now set to change and Utah is set to become a hub for the critical raw materials.
The Greenlandic government wants to legally ban rare earth mining at the Kvanefjeld mine.
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