Greenland's rare earths: 'What could not be seized by military force is being acquired via Wall Street'
The United States has shifted its approach to Greenland, moving from military threats to financial acquisitions for its rare earth resources. Critical Metals, a US company, has gained control of a significant rare earth deposit in Greenland, which is crucial for various industries. This development highlights the growing influence of American financial markets in securing global assets.
- ▪The US has been interested in Greenland for its strategic location and resource-rich subsoil.
- ▪Critical Metals acquired a major rare earth deposit in Greenland, which is the most important one outside China.
- ▪The deposit contains high concentrations of heavy elements sought after for military applications.
Opening excerpt (first ~120 words) tap to expand
"I won't use force." In January, at the World Economic Forum in Davos, United States President Donald Trump made an about-face on Greenland, after weeks of threatening to annex the island. Washington had been coveting the Danish autonomous territory, not only for its strategic geographic location but also for its resource-rich subsoil, packed with rare earths. These metals are critical for several industries, ranging from the automotive to the aerospace sector. On this last point, the US, eager to reduce its dependence on rare earths from China, has not given up. What could not be seized by military force is being acquired via the country's other great power: Wall Street. A drilling platform at the Tanbreez project, near Qaqortoq, Greenland, on September 16, 2025.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at Le Monde.fr - Actualités et Infos en France et dans le monde.
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