Fen Rare Earth Deposit Development

planned

The Fen project is Europe's largest rare earth deposit located in Telemark, Norway. The project involves developing the rare earth mine to produce rare earth oxides, including neodymium and praseodymium, which are key materials for permanent magnets used in electric vehicles, wind turbines, electronics, and defense applications. The Norwegian government has taken over planning to accelerate development after a resource upgrade nearly doubled the estimated size of the deposit. Production is expected to start in late 2031 with an output of 800 tons of NdPr by 2032, meeting about 5% of EU demand.