Sweden declares mining national security interest to counter dependence on China

Swedish Minister for Energy, Business and Industry Ebba Busch speaks to members of the media as she arrives to attend a European Union Energy meeting in Brussels, Belgium, March 16, 2026.... Purchase Licensing Rights, opens new tab Read moreSTOCKHOLM, July 23 (Reuters) - Sweden's government declared mining of critical metals and rare earth minerals a national security interest on Thursday, saying a ​new mining strategy was needed to counter the dependence ‌on China.China dominates both mining and refining of rare earth minerals essential for clean energy generation, defence and electric vehicle production, and export controls have ​served Beijing as a powerful lever in its trade war with ​Washington and other disputes.

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Sweden also has large mineral resources ⁠and the Per Geijer find, located near LKAB's existing Kiruna ​mine, is one of the European Union's flagship projects in its efforts ​to reduce reliance on China. With 1.2 billion tons of total mineral resources, of which 2.2 million tons are rare earth oxides, Per Geijer is critical ​to Europe's interests.Ebba Busch, Enterprise Minister and Deputy Prime Minister, ​said making mining a national security interest would speed up planning and permissions, ‌helping ⁠attract investment."We believe that this can contribute significantly to both Sweden's, EU's and NATO's defence capabilities," she told a news conference, calling European industry's dependence on China a "systemic risk."Busch said the new strategy ​would make it ​easier for the ⁠state to assign land to mining projects, an area of tension with the Sami reindeer-herding indigenous people, ​who say expansion of mining would spell the end ​of ⁠their traditional way of life.The government was looking at the possibility of creating a state-owned investment company for the Swedish mining sector, she ⁠said."Today, ​to put it plainly, the government lacks ​concrete tools to wisely contribute to accelerating and attracting investments in key projects in ​crucial strategic projects," she said.

Reporting by Johan Ahlander Editing by Tomasz Janowski

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