EU & US Race for Greenland's Rare Earths
Update: 2025-11-25
Description
The global race for critical minerals intensifies as nations like the U.S. and EU seek stable supplies, turning to Greenland for potential solutions. Chinas dominance in this market prompts the EU to stockpile minerals and create a centralized body for purchases. Meanwhile, the U.S. focuses on domestic production, with Critical Metals preparing to open a massive rare earth mine in Greenland, Tanbreez. This mine holds an estimated forty-five million tons of rare earths, valued at three billion dollars, and could significantly help the West meet its rare earth needs. The changing Arctic climate and increased interest from other nations make Greenland a vital prospect for these strategic materials.
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