Swedish mining company LKAB has been granted environmental approval to construct an industrial park in Luleå as part of its rare earth metals extraction project, positioning itself as Europe's first major producer in this sector.

Swedish state mining company LKAB has been granted permission to develop a new industrial park in Luleå dedicated to processing critical minerals. The project is intended to strengthen Sweden and the EU's supply chain resilience for materials essential to green energy and defense applications.