Greenland Natural Resources
Greenland’s oil and gas reserves are believed to be large. The island also has a wealth of critical minerals that are used for electronics, renewable energy and defense technology. The 2023 Geological Survey of Denmark & Greenland states that 25 of the 34 minerals classified by the European Commission as “critical raw material” are located in Greenland. Graphite, titanium, and niobium are among them.
Strategic Importance Beyond Defense
Senator Ted Cruz said that Greenland is more than just a defense asset. Greenland’s rare earths make it an important location for US access to materials, while also limiting China’s influence on the global market. Trump said that resource extraction on the island is difficult due to its harsh climate, which includes thick ice sheets. However, his administration pursued ways to secure American mining project.
US Presence in the Arctic and its Influence
In 2020, the United States will reopen a consulate at Nuuk. The United States’ decision to reopen a consulate in Nuuk was partially a reaction to Russia and China expanding their presence into the Arctic. The melting ice caused by climate change makes Greenland resources increasingly accessible. It also opens up the possibility of hydropower in newly exposed regions.
Mining challenges in Greenland
Mining in Greenland is difficult and expensive, despite its resource potential. . While the island has a wealth of minerals, experts warn that extracting these minerals is difficult.
Economic and Strategic Opportunity
Greenland is a strategic place for the US because of its rare earth minerals and strategically located. Trump’s administration sees the island as an opportunity to protect critical materials, secure shipping routes and enhance national security. The rising temperatures and the exposed land may make it easier to extract resources in future. This will add economic incentives for strategic interests.
