C
Originally published by Capital Business
📰 Read Full Article
business
November 5, 2025
18h ago

The story behind the scramble for Greenland’s rare earths

The story behind the scramble for Greenland’s rare earths

NOV 5 - As the US and the West races to break China's stranglehold over rare earths production – crucial for everything from smart phones to electric Kenya breaking news | Kenya news today |..

✨ Key Highlights

The United States and Western nations are increasingly looking to Greenland as a new source for rare earth elements to reduce reliance on China, which currently controls over 60% of the world's supply and processes more than 90%. Despite its mineral wealth, challenging conditions make mining in this remote Arctic region difficult.

  • Critical Metals CEO Tony Sage highlighted the proposed Tanbreez project in southern Greenland, which he believes holds a significant treasure trove of rare earths.
  • The US is actively pursuing agreements, with non-binding commitments to supply rare earth materials to American processing firms and a potential $120 million (£92 million) loan from the US Export-Import Bank.
  • While Greenland's government is pro-mining and hopes for three to five new mines within the next 10 years to diversify its economy, only nine companies currently hold commercial mining permits due to logistical challenges and strict environmental regulations.

Continue Reading

Read the complete article from Capital Business

📰 Read Full Article