'Great news': EU hails discovery of massive phosphate rock deposit in Norway
'Great news': EU hails discovery of massive phosphate rock deposit in Norway
www.euractiv.com 'Great news': EU hails discovery of massive phosphate rock deposit in Norway
A massive underground deposit of high-grade phosphate rock recently discovered in Norway is big enough to satisfy world demand for fertilisers, solar panels and electric car batteries over the next 100 years, according to the company exploiting the resource.
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tl;dr:
- It's significant because the EU has phosphate on the list of critical raw materials
- Norway deposit is estimated 70b tons at least, the biggest in the world
- Phosphate is essential for fertilizers, car batteries and solar panels
- The new reserves are supposed to last for a 100 years
For more on EU list of critical raw materials you can read here: