LKAB's future initiatives recognized as Strategic Projects by the EU

LKAB to meet Europe’s phosphorus and rare earth needs

LKAB's existing iron ore mine in Gällivare will enable the production of rare earth elements and phosphorus through new processes, enhancing resource efficiency and reducing Europe's dependence on imports. The Per Geijer deposit in Kiruna, with its high phosphorus content, has the potential to become one of Europe’s largest sources of rare earth elements and iron ore. The critical minerals industrial park in Luleå is being developed as a center for processing rare earth elements and phosphorus. This facility will support the EU’s transition to fossil-free energy and provide the raw materials needed for electrification. By processing phosphate-based by-products from iron ore mining, the park will secure the supply of phosphorus and rare earth elements within Europe.

Jan Moström, President and CEO of LKAB, stated, “LKAB’s ambition is to gradually build a stable, competitive, and sustainable industrial value chain within the EU. This decision underscores that our plans align with Europe’s needs both for electrification and for increased self-sufficiency in strategic and critical minerals. Access to these materials is crucial for future electric vehicles, wind turbines, and food supply.”

The company aims to begin production of rare earth elements and phosphorus at its Luleå facility by 2026, with the goal of meeting 6% of Europe's phosphorus demand and seven times Sweden’s phosphorus needs.