How Spain’s vast rare earth supplies could be a game changer for the EU

Spain has discovered significant rare earth mineral reserves, potentially reducing its technological dependence on China and revolutionizing its economy. Various regions in the country, such as Ciudad Real, Extremadura, Zamora, Galicia, and Andalusia, have identified deposits of minerals like monazite, cobalt, lithium, and tantalum. While the economic impact could be substantial, environmental concerns and opposition from protest groups may pose challenges to mining operations. Nonetheless, Spain’s potential to meet a large portion of European demand for rare earth minerals underscores its significance in the global market and geopolitical landscape.

Full Article