Overview
- The president said the U.S. will "do something" about Greenland to block Russian or Chinese influence, reiterating interest in control of the island.
- Geologists and industry experts cite scarce roads and power, a harsh Arctic setting, and unproven extraction from eudialyte-hosted deposits as key barriers.
- Rare earths often occur with uranium in Greenland, triggering tight local oversight and adding to environmental and permitting challenges.
- Critical Metals said it plans a Greenland pilot plant this year and saw its shares more than double, yet projects remain at early stages and still need substantial financing.
- The U.S. is backing nearer-term suppliers like MP Materials and magnet maker Noveon as China maintains dominance in processing, even as melting ice exposes more Greenland bedrock.