Viscaria Mine Reopening to Bolster EU Copper Self-Sufficiency by 2027

The Viscaria mine, located near Kiruna, Sweden, is slated to reopen in 2027, marking a significant step towards enhancing the European Union's copper self-sufficiency. This initiative is crucial as copper is integral for the transition to renewable energy sources and is also essential for defense industries. Jörgen Olsson, CEO of Viscaria, emphasized the importance of copper, stating, "Without it, functioning electrical systems and digital infrastructure would be impossible."

As global demand for copper is projected to rise by 55% by 2032, this reopening aims to address Europe's reliance on imports, which currently account for about 50% of its copper needs. The Viscaria mine is expected to produce 26,000 tons of high-quality copper each year while maintaining one of the lowest environmental impacts in the industry. The project has moved from planning stages into active construction, with significant progress already made in establishing storage yards and processing facilities. More than 150 subcontractors are involved in the undertaking, moving over 220,000 tons of material each month, signaling a robust approach to this essential project.

Supported by Swedish financial institutions, the initiative also emphasizes collaboration with local communities, underlining the importance of integrating local expertise into the project’s development. The reopening of Viscaria not only addresses the EU's immediate needs for copper but also aligns with broader goals to secure sustainable and independent resource supplies, which are critical for the region's future economic stability and energy transition efforts.