tl;dr:

• It’s significant because the EU has phosphate on the list of critical raw materials
• Norway deposit is estimated 70b tons at least, the biggest in the world
• Phosphate is essential for fertilizers, car batteries and solar panels
• The new reserves are supposed to last for a 100 years

So the country with the most electric vehicles will start to build them? Makes sense.

Finally us Norwegians have an “excuse” to build green energy industries and transitioning from pegging our entire economy on a limited resource. Most likely nothing will happen because the oilers are fixated on extracting every single ounce of raw oil instead of actually progressing towards a more sustainable economical asset. I’d love to be proven wrong though