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Norway announces date for rare element deposits plan
The Norwegian government intends to present a comprehensive plan by 2028 to exploit Europe's largest reserves of rare earth elements, located in the "Vinn" region, which contains approximately 15.9 million tons of oxide deposits used in manufacturing magnets essential for electric vehicles and clean energy. The mining process faces environmental challenges, as the site is situated in the middle of a forest with unique biodiversity and endangered species, which complicates the acceleration of the project. Mining operations are expected to begin in the first half of the 2030s after multiple delays, with the owning company aiming to establish an underground, invisible mine based on extracting minerals beneath the surface.
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