deposit · Sweden

Per Geijer

The largest identified rare earth deposit in Europe, adjacent to existing iron ore operations.

UndevelopedExplorationProject score 62

Operator

Independent

Country

Sweden

Mine life

25 yrs

Capex

—

Profile

Resource, economics and jurisdiction

Resource: Apatite-hosted rare earth resource with iron ore co-production potential.
Production: Not in production; long permitting pathway expected.
Economics: Rare earth recovery is contingent on iron ore processing integration.
Infrastructure: Adjacent to existing Kiruna mining and rail infrastructure.
Jurisdiction: Very low risk
Ownership: LKAB
Region: Norrbotten

Overview

The largest identified rare earth deposit in Europe, adjacent to existing iron ore operations.

Methodology

Version v0.1

Resource Quality: 70 (weight 1.2) — Grade, continuity and metallurgical complexity of the resource.
Project Scale: 71 (weight 1) — Annual output potential relative to the global market for its primary mineral.
Development Stage: 59 (weight 0.9) — How far the asset has advanced toward or through production.
Jurisdiction: 59 (weight 1.1) — Political stability, permitting predictability and rule of law.
Infrastructure: 59 (weight 0.9) — Access to power, water, transport and processing capacity.
Economics: 61 (weight 1.2) — Cost position and margin resilience through the price cycle.
Strategic Importance: 64 (weight 1) — Relevance to national critical mineral strategies and allied supply chains.
Supply-Chain Value: 64 (weight 1) — Whether the asset relieves a genuine downstream bottleneck.
Sustainability: 53 (weight 0.9) — Carbon intensity, water use, tailings approach and community standing.
Execution Risk: 55 (weight 1) — Technical, financing and schedule risk to reaching nameplate output. Higher is lower risk.

Materials

A light rare earth element and the backbone of high-performance NdFeB permanent magnets.

Assets

The largest rare earth deposit in the world, mined alongside iron ore.

The largest rare earth separation facility outside China.

A cracking and leaching plant that moves the first processing stage onshore in Australia.

One of the highest-grade rare earth deposits in the world, feeding Lynas separation capacity.

The only operating rare earth mine in the United States and the anchor of domestic magnet ambitions.

A US NdFeB magnet manufacturing facility completing a domestic rare earth loop.