"Along with tapping Venezuela's massive oil reserves, officials say, harvesting the country's rare-earth minerals could help stabilize its finances and help the U.S. blunt China's global stranglehold on those precious resources the chip industry needs. "You have steel, you have minerals, all the critical minerals," Commerce Secretary Howard Lutnick told reporters aboard Air Force One with President Trump late Sunday. "They have a great mining history that's gone rusty." Lutnick said Trump "is going to fix it and bring it back - for the Venezuelans.""
"Yes, but: Trump's power play also would benefit U.S. companies, which have begun reaching out to the administration about business opportunities in Venezuela. Financial analysts on Monday were touting the potential mining investments there. Nothing is certain with Venezuela's governance or its business opportunities in the wake of the U.S. military's capture of Nicolas Maduro. As for Greenland, Trump has mused about taking control of the Denmark territory."
U.S. officials target Venezuela's rare-earth and critical minerals as a way to stabilize Venezuelan finances and to blunt China's dominance over chip-industry resources. Commerce Secretary Howard Lutnick highlighted steel and mineral assets and pledged restoration for Venezuelans. U.S. companies are exploring opportunities and analysts praise mining potential, but governance and business risks persist after the U.S. military's capture of Nicolas Maduro. Greenland also contains critical minerals and has drawn presidential attention despite adviser skepticism about seizing allied territory. Both Venezuela and Greenland contain gallium, germanium, indium, tantalum, silicon, thorium, lithium, cobalt and nickel; Venezuela has more coltan and Greenland has palladium.
Read at Axios
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