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Belgrade
17/07/2024
Mining News

Norge mining deposits to supply EU CRM

A massive underground deposit of high-grade phosphate rock in Norway, pitched as the world’s largest, is big enough to satisfy world demand for fertilisers, solar panels and electric car batteries over the next 100 years.

The Norwegian deposit is estimated to be worth 70 billion tonnes at least. By far the largest phosphate rock deposits in the world – around 50 billion tonnes – are situated in the Western Sahara region of Morocco.

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The next biggest are located in China (3.2 billion tonnes), Egypt (2.8 billion tonnes), and Algeria (2.2bn tonnes), according to US estimates.

Given EU’s refugee deals with Morocco and Algeria at least the EU would have multiple sources to tap into for this material.

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