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| LKAB |
LKAB has initiated construction of a demonstration plant in Lulea, Sweden, to process rare earth elements (REEs) from iron ore mining waste. This effort marks a significant step towards European REE independence.
Demonstration Plant to Validate Extraction Processes
LKAB is investing 800mn kronor ($72.65mn) in the plant, aiming for a 2026 startup at a new Lulea industrial park. The demonstration plant will validate and refine extraction processes for a future full-scale facility. The company plans to produce REEs, phosphorus, and gypsum from its Gallivare iron ore mine by processing apatite concentrate, utilizing current waste streams. Operations will scale up with additional processing over time, targeting full operation in the 2030s. The permit process for LKAB's full operation, including the Gallivare apatite plant, anticipates a decision by late 2025.
Strategic Expansion and European REE Independence
Furthermore, LKAB intends to extract REEs from other mineralizations. Future scale-up decisions hinge on the demonstration plant's results and industrial park environmental permits. LKAB's Per Geijer iron deposit in Kiruna, estimated at 1.7mn t of REEs, stands as one of Europe's largest. Europe currently lacks REE extraction capacity, relying on Chinese imports. REEs are crucial for electric vehicle motors, wind turbines, and various electronic and military applications. LKAB has applied for Strategic Project classification under the EU's Critical Raw Materials Act for its Gallivare iron ore mine, Lulea industrial park, and REE-rich Per Geijer iron ore deposit.
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