From critical minerals and battery materials to automation and electrified equipment, Sweden’s mining ecosystem contributes to industries shaping the future.
Sweden has been a mining nation for more than a thousand years and today remains one of Europe’s leading producers of iron ore and other critical minerals. As demand grows for electric vehicles, batteries, renewable energy, data centers, and advanced technologies, access to reliable sources of critical raw materials has become increasingly important for both economic competitiveness and national security.
With significant deposits of critical minerals and rare earth elements, Sweden is positioned to play an important role in strengthening resilient supply chains and supporting the technologies that power the modern economy.
Europe’s largest known rare-earth deposit Located in Sweden
Mining Innovation for a New Industrial Era
What distinguishes Sweden’s mining industry is not only the minerals extracted from the ground, but the technologies developed to extract them. Over decades, Swedish engineers, researchers, and mining companies have transformed the sector through innovation, automation, electrification, and advanced engineering.
Today, Swedish companies account for approximately 65% of the global market for underground mining equipment, making Sweden a world leader in the technologies that power modern mining.
Companies such as Epiroc and Sandvik are helping transform one of the world’s oldest industries through battery-electric vehicles, autonomous drilling systems, digital analytics, and remote operations. Their equipment is used in mines around the world, helping operators improve productivity while reducing emissions, energy use, and safety risks.
Increasingly, modern mines resemble advanced manufacturing facilities, where connected equipment, real-time data, automation, and AI-driven insights work together to optimize performance. By exporting these technologies globally, Swedish companies help make mining more efficient, resilient, and sustainable while supporting the supply chains needed for everything from electric vehicles and renewable energy to AI infrastructure and data centers
65% of the world’s underground mining equipment market is held by Swedish companies.
