Overview
- Trump reiterated that the United States will act on Greenland to block Chinese and Russian influence, telling reporters the move could come the “hard way” if necessary.
- The White House is weighing an offer to buy Greenland and has not ruled out military action, with Secretary of State Marco Rubio set to meet Danish officials this week.
- Greenland holds major rare earth and hydrocarbon potential, yet deposits often occur in hard-to-process eudialyte and the island lacks roads, ports and power, making Arctic mining five to ten times more expensive.
- Most ventures are still exploratory: Critical Metals says it will build a pilot plant in 2026 and reports heightened inquiries from tech investors, while Amaroq has engaged U.S. agencies about opportunities.
- Local laws and sentiment pose constraints, including a 2021 ban on new offshore oil and gas, strict controls linked to uranium and strong opposition to ceding sovereignty, leading analysts to see meaningful output as years away.