Norway Unearths the Mother Lode: World's Largest High-Grade Phosphate Deposit Worth 70 Billion Tonnes Discovered

Massive underground deposit of high-grade phosphate rock in Norway, valued at 70 billion tonnes, surpasses all known sources.

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Norwegian deposit meets global demand for fertilizers, solar panels, and electric car batteries for the next century.

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Phosphate rock, a critical raw material, essential for fertilizer production and global food supply chain.

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The Norwegian deposit contains vanadium and titanium, critical raw materials for aerospace and defense sectors.

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Phosphorus demand for battery production is projected to increase to 5% of global demand by 2050.

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Potential supply disruptions due to restrictions on phosphate rock exports by major producing countries.

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Depletion of high-grade phosphate rock reserves outside of Europe raises concerns about shortages.

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Norge Mining aims to observe stricter environmental standards and apply carbon capture and storage technology.

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The Norwegian government supports fast-track approval for critical raw material projects.

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