Home EconomicsNorway discovers large reserves of metals and minerals on its seabed

Norway discovers large reserves of metals and minerals on its seabed

by Nadarajah Sethurupan

Norwegian research team discovered on the continental shelf of the country’s significant reserves of metals and minerals, Reuters reported, citing a statement of the country’s authorities.

In areas of the Norwegian and Greenland seas, according to preliminary estimates, found deposits with 38 million tons of copper and 45 million tons of zinc. There are also found about 24 million tons of magnesium, 3.1 million tons of cobalt and 1.7 million tons of rare-earth metal cerium, which is used in alloys. In addition, deposits of rare-earth metals: neodymium, yttrium and dysprosium were found on the shelf.

Further research will be conducted on the shelf. They will have to show what amount of minerals can be extracted with minimal impact on the environment.

You may also like

Leave a Comment

NORWAY NEWS is an online news site, written in English, dedicated to Norwegian affairs at home and abroad. Norway News.com is published online. It is a daily online newspaper in existence since May, 2003. The site is run by an Independent Journalist.

Politics

Latest Articles

Norway News 2025 . All Right Reserved. Designed and Developed by Norway News