By Admin 
Norway jackpot: European country Norway has got a big jackpot, which costs Rs 10167492000000. Actually, the ‘world’s largest phosphate store’ has been detected in South Norway. It can be used in green technology in the coming time.
Norway has 70 billion tonnes of phosphate in this reserves. Due to this, there will be no shortage in the supply of this ion used in electric vehicle batteries, solar panels, fertilizers. This biggest deposit of phosphate was discovered by a company called Najar Mining earlier this year. This discovery matters a lot for Europe struggling with lack of natural resources. With this, it can now be expected to become self -sufficient in this case of Europe.
Why phosphate is so important?
According to a report by Euronews, this stock of phosphate found in the southwest region of Norway was discovered in 2018, but in May, the company said that the site has 70 billion tonnes of phosphate. It is being called a jackpot because it will not reduce its supply for at least 50 years due to its meeting.
This will greatly boost the production of green technology as phosphate has a major role in many devices. From the production of battery used in electric vehicles to solar panels and fertilizers for plants, it is used in many important tasks. Since the world is now moving towards sustainable energy, its importance has increased even more.
Now Europe will give them a tough competition
With the receipt of this deposit, Norway is now ready to compete with countries like China, Morocco and Russia because till now European has been dependent on these countries for the supply of phosphate and every time there is some obstruction in supply, such as the rust in Ukraine has been affected and the supply of phosphate was affected and Europe had to find alternative sources. Now the receipt of this new deposit will reduce the dependence of Europe on other suppliers.
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