Norway Discovers World’s Largest Phosphate Rock Deposit

Norway Discovers World’s Largest Phosphate Rock Deposit. Norway has announced a world-changing discovery of a massive underground deposit of high-grade phosphate ore, a key element for the production of fertilizers, solar panels and electric car batteries. The deposit, located in south-west Norway, is estimated to contain over 70 billion metric tons of phosphate rock, which is almost equivalent to the world’s already proven reserves. This could make Norway a major player in the global market for critical raw materials, which are essential for the green and digital transition. The European Commission has hailed the discovery as great news, saying it would contribute to the EU’s objectives of securing its supply chain and reducing its dependence on imports from countries like Morocco, China and Egypt. Norway’s Minister of Trade and Industry said the government was considering fast-tracking a giant mine project, which could start operating by 2028. The discovery could also have geopolitical implications, as it could challenge Russia’s dominance in the phosphate rock sector and create new opportunities for cooperation and trade. #Norway #phosphateore #norwaydiscovery #criticalrawmaterials #greentransition #digitaltransition #geopolitics #russia #europe #inteldrop #solarpanels #fertilizers #electriccars #batteries #norwaymine #europesecurity #morocco #china #egypt #phosphaterock #environment