In a recent and extraordinary turn, Norway has announced the discovery of a colossal roca rich in phosphates, vanadium and titanium. This finding has the potential to meet the global demand of these valuable minerals, essential for the manufacture of batteries, solar panels and fertilizers, during an impressive period of half a century.
EURACTIV informs us that the Norway Mining mining firm has corroborated the presence of an amazing volume of 70,000 million tons of phosphates within this remarkable geological formation. This finding places Norway in the lead in terms of phosphate reserves worldwide, surpassing other producers with a comfortable difference. It is estimated that about 90% of global phosphate is used by the fertilizer industry. However, these minerals also find their place in the production of batteries for electric vehicles, solar panels, chips and semiconductors, although in minor proportions. In addition, both vanadium and titanium have a high demand in aerospace and arms industries, according to Euraactiv.
The aforementioned Norway rock formation houses reserves of all these minerals and metals, which the European Union has classified as "critics", sufficient to meet world demand for 50 years.
However, the exploitation of minerals at the local level (when countries have the necessary reserves) entails a challenge, especially in the case of phosphates. This process is recognized for its high environmental impact. Faced with this dilemma, Norway Mining has committed to maintaining a high level of ecological responsibility. They affirm that "Norway may comply with the most rigorous environmental regulations when extracting and refining these minerals, applying carbon capture and storage technology."
From "Mineravi", your online technical mineral store, we will closely follow this interesting development, always attentive to the most recent news in the sector. We remember the importance of a sustainable and responsible mining approach to the benefit of our planet and future generations.
