Europe's largest rare earth deposit targets 2028 exploitation plan, 2030s production

Rare Earths Norway plans to exploit the Fensfeltet deposit, Europe's largest rare earth reserve, with an exploitation plan by 2028 and production starting in the early 2030s. The deposit contains 15.9 million tonnes of rare earth oxides, including neodymium and praseodymium, critical for EVs, green energy, and defense. Environmental hurdles and an 'invisible mine' proposal add uncertainty to the timeline, but the project could reduce Europe's dependence on Chinese rare earth supply.