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News October 9, 2024

Sweden at the forefront of raw materials and mining industry

Sweden has a long and important tradition in the mining industry. Our companies are at the forefront of developing sustainable and innovative solutions for the extraction and processing of raw materials, making us a significant player in the global transition. This transition requires not only new technologies but also a holistic approach to energy, sustainability, and social responsibility.

Northern Sweden’s leading role in the fossil-free transition

Northern Sweden has taken a central role in the global transition towards a fossil-free society. Enormous investments are expected north of Gävle in the coming decades, and investments in carbon-free iron, fossil-free steel, wind power, and battery production are on the verge of reshaping Sweden’s economic landscape. This transition is crucial for building a society free from fossil fuels, but it also entails significant changes in how we produce raw materials and energy. To meet the new demands, more new mines, expanded electricity production, and strengthened power lines across the country are required. It is essential for authorities and politicians to act responsibly and engage in constructive dialogue with stakeholders to balance interests and create conditions for continued growth.

The central role of the energy system

For the industry to continue its expansion and transition, a robust and sustainable energy system is required. Sweden has significant competitive advantages due to our fossil-free electricity system, which largely consists of hydropower and nuclear power. This enables us to produce large amounts of electricity at competitive prices, which is crucial for the industry’s development. To maintain Sweden’s leading position in raw materials and mining while meeting the increasing needs of a growing green industry, the energy system must be built out. By ensuring access to cheap, fossil-free electricity, Sweden can not only contribute to a fossil-free world but also strengthen its global competitiveness.

Export of Swedish expertise and technology

Sweden has not only developed innovative solutions for its own industry, but our expertise and world-leading companies are also sought after globally. By exporting our knowledge and advanced technologies, Swedish companies can contribute to a sustainable transition in other parts of the world. Swedish machines and equipment for mining, as well as the technical expertise possessed by our companies, are key components in optimizing and reducing the environmental impact of raw material extraction internationally. This means that Sweden plays a vital role not only at home but also in the global pursuit of sustainability. By continuing to export and spread our technical expertise, we can strengthen our international relations and contribute to sustainable and responsible development in other countries.

The future of Sweden’s raw materials industry

Swedish companies in the mining and raw materials sector have demonstrated that it is possible to combine sustainability with high productivity. Our expertise and ability to lead technological development, combined with the country’s existing energy infrastructure, ensure that Sweden is well-equipped to meet future challenges. With continued innovation and export of our knowledge and technology, we will remain a key player in the global transition to a greener economy.

 

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