Europe's Rare Earth Dependency

According to a recent article by Mining Technology, Europe is heavily reliant on China for rare earth elements, crucial for transition technologies. However, the continent is now making efforts to end this dependency. As the demand for rare earth elements continues to grow, driven by the transition to renewable energy and advanced technologies, Europe's move to reduce its reliance on China could create new opportunities for mineral exploration and investment in the region. With several European countries, including Norway, possessing significant mineral potential, this shift could be a significant development for the industry.