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Europe aims to become the first climate-neutral continent by 2050. In this context, Rare Earth Elements (REE) play a key role in both Europe’s economic landscape and its commitment to environmentally sustainable policies. Particularly, the demand for REE is driven by the production of Permanent Magnets (PM) containing neodymium (Nd), praseodymium (Pr), and dysprosium (Dy) for high energy-efficient electric motors, renewable energy technologies, robotics, as well as aerospace and defence applications. Nevertheless, a significant challenge in the REEs European value chain is the dependency on imports from third countries, notably China. Additionally, the recent European energy crisis has further raised tensions within the EU’s high-tech and green industries.

The benchmarks set for domestic capacities are at least 10 % for extraction, 40 % for processing, and 25 % for recycling. Furthermore, according to the draft regulation, the Union’s annual consumption of each strategic raw material at any relevant stage of processing should not exceed 65 % sourced from a single third country.

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Ready to learn how the SUPREEMO project will solve this issue? Keep reading!


Impact

These innovative solutions will play a crucial role in securing strategic sectors and addressing the growing EU demand for REE driven by the green transition.

Exploring potential European REE sources


Despite the availability of relatively abundant resources in Europe, with incredible opportunity to seize, we are still almost 100 % dependent on REE imports. Although there are presently no mining exploitation activities for REE’ in Europe, the continent has a tremendous potential to explore them. With more than 60 REE-occurrences and deposits known, the most well-known are located in Greenland, Sweden and Norway.


According to REE Minerals, these deposits contain REE-reserves enough to secure the European REE demand for decades to come. The SUPREEMO project will develop a complete magnet value chain based on European REE sources, notably the Fen deposit located in Norway.



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