Economics/Class Relations

Sweden’s (Not So) Rare Earth Metals

by Peter Zeihan on January 16, 2023

A state-owned mining company in Sweden has just stumbled upon a million metric tons of rare earth metals…but what does that mean? Any addition to the rare-earths supply is great, but I don’t see this moving the needle much.

These metals aren’t all that rare, they’re not difficult to process and they’re not all that expensive…plus we won’t be seeing any of these metals hit the markets for at least 10 years.

While this is a nice discovery for the Swedes, plenty of countries have excess processing capacity should a need arise.

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