The Economist: A huge Norwegian phosphate rock find is a boon for Europe
October 11, 2023 by -The West wants to rely less on China for strategic minerals like vanadium In the previous month, Norge Mining, an Anglo-Norwegian firm, made a significant announcement regarding the discovery of vast deposits of all three crucial minerals in southwestern Norway, totaling at least 70 billion tonnes. This discovery is of great significance as it has the potential to meet the current global annual demand for over 50 years, which is especially pertinent as nations are vying for control of strategic minerals. Titanium is vital for aircraft production, including fighter jets, while vanadium is essential for enhancing steel and manufacturing the large, advanced liquid batteries used by power companies. Phosphates play a critical role in fertilizers and in the production of phosphorus for computer chips and solar panels. These minerals are currently sourced from suppliers that are considered worryingly unreliable by both Europe and America.