Arctic Minerals Race: US, Canada, Russia, Denmark, Norway
Update: 2025-12-07
Description
Arctic Nations Race for Critical Minerals: Climate Change Opens New OpportunitiesAs countries seek to reduce their reliance on China for critical minerals, five Arctic nations—Russia, Canada, the U.S., Denmark, and Norway—are vying for control over the regions vast resources. These minerals, essential for modern technology, are becoming more accessible due to melting ice sheets and glaciers caused by climate change. The U.S. and Canada are investing heavily in their Arctic regions, while Russia has ambitious plans for economic expansion and national security. Norways deep-sea mining plans have been temporarily halted due to environmental and political concerns.
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