Norway, long known for its vast oil wealth, may be on the brink of a new economic transformation. This video explores how a recent discovery of massive phosphate reserves in southwestern Norway could rival the country’s oil boom of the 20th century. Valued at an estimated $24 trillion, these phosphates are critical not only for global agriculture but also for the green energy transition—powering electric vehicles, solar panels, and advanced electronics.
As the world faces mounting fertilizer shortages and supply chain risks, Norway’s newly uncovered resources could make it one of the most strategically important players in the global economy. The video also examines how this discovery could disrupt the dominance of current phosphate suppliers like Morocco and China, and what it means for Europe’s growing dependence on critical raw materials.
But with opportunity comes challenge. Mining phosphates at scale raises serious environmental and geopolitical concerns, from radioactive waste to carbon emissions. Norway’s response to these issues will shape its global standing for decades to come.
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