Huge phosphate discovery in Norway could fully charge the electric vehicle industry

[Litwin]

Good for Norway. I hope they get phenomenally rich. Couldn't happen to a better group of folks. The current price for phosphate is $150 per ton. 70 billion times 150 = 10 trillion bucks. But of course, as world population increases, the price will double. So the find could be worth 20 trillion. That's 3 million for each of Norway's population of 5.5 million. Will soon surpass Luxembourg, Monaco, and Switzerland as the world's richest per capita.

Norway announces the discovery of a 70 billion tonne phosphate deposit - Willagri - Comprendre les enjeux de l'agriculture

Norwegian mining company Norge Mining has announced that it has discovered a colossal deposit of phosphate rock in southwestern Norway. The scale of this deposit would be staggering. Estimates suggest.

willagri.com

 

[EMH]

Of course, CO2 FRAUD could be outed as FRAUD....

 

[Manonthestreet]

Good luck with that. Global boiling is a fraud......oooops

 

[sparky]

pollution we don't see vs pollution we do solves nothing here......~S~

 

[WorldWatcher]

Good for Norway. I hope they get phenomenally rich. Couldn't happen to a better group of folks. The current price for phosphate is $150 per ton. 70 billion times 150 = 10 trillion bucks. But of course, as world population increases, the price will double. So the find could be worth 20 trillion. That's 3 million for each of Norway's population of 5.5 million. Will soon surpass Luxembourg, Monaco, and Switzerland as the world's richest per capita.

Norway announces the discovery of a 70 billion tonne phosphate deposit - Willagri - Comprendre les enjeux de l'agriculture

Norwegian mining company Norge Mining has announced that it has discovered a colossal deposit of phosphate rock in southwestern Norway. The scale of this deposit would be staggering. Estimates suggest.

willagri.com

There is a fault in your logic.

The posts assumption is that if current price of $150 per ton, that will be $150 going directly to the people.,

That's not how it works.

Sale Price - Cost of Extraction - Cost of Refinement - Transportation - etc. = PROFIT.

The "Profit", the amount of money left over after paying the cost of extraction, refinement, transportation, etc. - would be some fraction of the $150 per ton.

Not saying tha such a resource/find wouldn't be a significant economic boon, just not what you describe.

WW

 

[Litwin]

There is a fault in your logic.

The posts assumption is that if current price of $150 per ton, that will be $150 going directly to the people.,

That's not how it works.

Sale Price - Cost of Extraction - Cost of Refinement - Transportation - etc. = PROFIT.

The "Profit", the amount of money left over after paying the cost of extraction, refinement, transportation, etc. - would be some fraction of the $150 per ton.

Not saying tha such a resource/find wouldn't be a significant economic boon, just not what you describe.

WW

This video has some errors too. What’s important here is that Norway is not part of the EU, and leftist BS about “pollution” will not kill this project.
What do you think—are we going to see Norwegian phosphates on the world market very soon, or not?

pollution we don't see vs pollution we do solves nothing here......~S~

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[sparky]

What do you think—are we going to see Norwegian phosphates on the world market very soon, or not?

What is phosphorus and why are concerns mounting about its environmental impact?

Commonly used in fertilizers, phosphorous can have devastating effects when it seeps into the environment.

www.unep.org

~S~