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LKAB bryter avtal med PGM efter granskning

Source: nsd.se

LKAB terminates its agreement with PGM after an internal review uncovered serious issues.
The partnership involved developing battery minerals in Kiruna, but problems with PGM's leadership led to the split.
No financial penalties are specified, but LKAB now seeks new partners for the project.

LKAB, a major Swedish mining company, has ended its collaboration with PGM, a Norwegian firm focused on battery minerals. The decision follows a thorough internal investigation that raised concerns about PGM's management and operations. This matters because it disrupts plans to extract critical minerals like vanadium in Kiruna, potentially delaying Sweden's green transition efforts.