A massive deposit of strategic minerals in south-western Norway could supply current global annual demand for more than 50 years
The company says that could supply current global annual demand for more than 50 years, a big deal now that countries are jockeying over strategic minerals. Titanium is used to build aeroplanes . Vanadium is needed for improved steel and for the giant high-tech liquid batteries used by power companies. Phosphates are used in fertiliser and to obtain phosphorus for computer chips and solar panels. For all of these minerals, Europe and America depend on worryingly unreliable suppliers.
Phosphates and phosphorus are newly relevant as Europe and America worry about food security and try to relaunch their chip and solar industries., says the company’s new mines will be greener than current ones. Phosphate rock in Africa is sedimentary and contains many pollutants; that in Norway and the Kola peninsula is igneous and much purer. Norge plans to capture the carbon emitted by its operations and store it.
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