Norway Uncovers Europe's Largest Rare Earth Deposit

Discovery in ancient volcano could reshape global supply chains and reduce dependence on China.

The Fen Carbonatite Complex hosts an estimated 8.8 megatons of rare earth oxides.
Rare Earths Norway plans to build a pilot plant for processing the ore.
This find strengthens Europe's position in the rare earths market, currently dominated by China.
Rare earth elements are crucial for technologies like electric vehicles and wind turbines.
Exploratory drilling and further development are scheduled to continue.