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'Great news': EU hails discovery of massive phosphate rock deposit in Norway (www.euractiv.com)

submitted 1 year ago by CrimsonOnoscopy to c/news

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[–] twitterfluechtling@lemmy.pathoris.de 11 points 1 year ago (3 children)

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

[–] CrimsonOnoscopy 2 points 1 year ago

Good summary, thanks.

[–] Hedup@lemm.ee 2 points 1 year ago

For more on EU list of critical raw materials you can read here:

https://single-market-economy.ec.europa.eu/sectors/raw-materials/areas-specific-interest/critical-raw-materials_en

[–] Supermikea@lemmy.fmhy.ml 1 points 1 year ago

Thanks for the tl;dr, kind stranger!

[–] madis@lemm.ee 4 points 1 year ago

So the country with the most electric vehicles will start to build them? Makes sense.

[–] pixelbound 4 points 1 year ago

Finally us Norwegians have an "excuse" to build green energy industries and transitioning from pegging our entire economy on a limited resource. Most likely nothing will happen because the oilers are fixated on extracting every single ounce of raw oil instead of actually progressing towards a more sustainable economical asset. I'd love to be proven wrong though