COULD NORWAY BE THE NEXT MIDDLE EAST FOR SOLAR AND BATTERY MINERALS ?

A huge phosphate rock deposit discovered in Norway contains enough minerals to meet the global demand for batteries and solar panels for the next 100 years, according to the mining company that controls it. Norge Mining said up to 70 billion tonnes of the non-renewable resource may have been uncovered in south-western Norway, alongside deposits of other strategic minerals like titanium and vanadium. Phosphate rock contains high concentrates of phosphorus, which is a key component for building green technologies but currently faces significant supply issues. Phosphorus was first discovered in 1669 by German scientist Hennig Brandt, who was searching for the philosopher’s stone. While it proved ineffective in turning ordinary metals into gold, it has become an essential component in lithium-iron phosphate batteries in electric cars, as well as for solar panels and computer chips. Russia previously controlled the world’s largest ultra-pure phosphate rock deposits, with the European Union warning that these “critical raw materials” have a high supply risk. The EU is currently almost entirely dependent on imports of phosphate rock from the rest of the world, according to a report from The Hague Centre for Strategic Studies, with China, Iraq and Syria also home to large deposits.