Don't know if this person is who they claim to be.
https://www.reddit.com/r/worldnews/comments/10a5wun/comment/j431zyu/
Swedish geologist here who can provide a bit of context to this. As it happens my main field is rare earth elements (REE), and their formation within these types of ores that they are talking about. I have no connection to LKAB, the state owned mining firm that announced the discovery.
While they are hailing this as a deposit of REEs what it most likely is is a greenwashing by the Swedish state, and LKAB to more easily sell the public on more iron mining, as this is really just yet another iron ore that happens to have a high content of REE. Shockingly high to be honest, almost enough to make me a bit skeptical that they hadnt misplaced a decimal in the press release.
The major iron ore deposits that are mined in the Kiruna area, Kirunavaara, Malmberget and so on are what are known as iron-oxide apatite deposits. These occur in other places in Sweden, including central Sweden, Grängesberg, Blötberget to name a couple, and in the world. They are rich in, well, iron, as well as the mineral apatite, which containes abundant phosphorus. Phosphate minerals like apatite have a habit of acting as sort of a vacuum for REEs, enriching them in thes iron ores. These deposits also contain other REE minerals, xenotime, monazite, allanite.
Now why do I suggest that this is greenwashing? Well REEs are a hot topic right now due to being metals that are critical in transitioning to green technology, as well as other high tech uses. The currently mined iron oxide apatite mines up right next door to this new ore body also are rich in REE. Not as rich, but they come out to be about 0.07 percent on average in these ores, but the sheer volume of ore means that the potential tonnage is high. But they aren't hailed in the media as a harbinger of European REE independance.
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