LKAB takes majority of REE separation company

Swedish mining group LKAB Group has taken a majority share in Norwegian rare earth separations company REEtec AS,and will build its first factory in Norway.

LKAB takes majority of REE separation company LKAB takes majority of REE separation company LKAB takes majority of REE separation company LKAB takes majority of REE separation company LKAB takes majority of REE separation company

LKAB has taken a majority stake in REETec.

The new factory will be built in southern Norway at Herøya, which will produce some 720 tonnes of neodymium and praseodymium. The factory will be completed by the second half of 2024.