A massive underground deposit of high-grade phosphate rock recently discovered in Norway is big enough to satisfy world demand for fertilisers, solar panels and electric car batteries over the next 100 years, according to the company exploiting the resource.
Norway has strict labour and environmental laws. If anything, it will continue to rise as demand increases steadily. And that’s probably for the best. Some countries are doing some heavy reasearch in recycling phosphate and lithium components. That means less waste and more indepedence. A drop in price could eliminate these environmental friendly plans.