Norway Accelerates Development of Europe's Largest Rare Earth Deposit to Reduce Reliance on China
Norway has announced plans to expedite the development of the Fen rare earth deposit, Europe's largest, following a significant upgrade in its estimated size. The government will take over planning to speed up the project, which is crucial for reducing Europe's dependence on China for rare earth elements. The Fen deposit, located in Telemark, Norway, is now estimated to contain 15.9 million metric tons of rare earth oxide, a substantial increase from previous estimates. The project is expected to produce key materials like neodymium and praseodymium, essential for manufacturing electric vehicles, wind turbines, and electronics. 
