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CommoditiesMedium•3 March 2026•

1 min read

Rare Earths Norway Boosts Fen Resource by 81%, Securing Europe's Largest Deposit

An open-pit mine with heavy machinery, piles of ore, and mining tools. Chinese and Canadian flags are in the background, overlaid with rising green and red graphs. Bitcoin coins and hard hats are in t

Key Facts

1Indicated and inferred resources totaled 15.9 million tonnes, up from 8.8 million in 2024.

Rare Earths Norway has announced a significant 81% increase in the resource estimate for its Fen deposit, establishing it as the largest rare earth element (REE) resource in Europe. The total indicated and inferred resources have surged to 15.9 million tonnes, a substantial rise from the 8.8 million tonnes reported in early 2024. This expansion follows updated geological assessments and extensive exploration results that highlight the site's strategic importance. The discovery is expected to bolster Europe's strategic autonomy in critical minerals, potentially reducing the continent's heavy reliance on external imports. Market analysts view this development as a major milestone for the regional mining sector and industrial supply chains. The project focuses on key elements like Neodymium and Praseodymium (NdPr), which are essential for green energy technologies.