As Donald Trump prepares to return to the White House, he emphasizes the importance of Greenland due to its mineral reserves critical for technology. With China dominating over 90% of global mineral production, both the US and Europe strive for independence. The EU's Critical Raw Materials Act aims to bolster its mining sector, with goals of meeting 10% of mineral demands domestically by 2030 and limiting single-country imports. This marks a significant shift from 30 years of outsourcing, as stakeholders believe the EU must reclaim its mining potential for future resilience.
We need Greenland for national security reasons. His interest is no accident: the Danish island has abundant reserves of key minerals for the construction of almost any tech device.
The challenge is to achieve independence in a context where most of the rare earth reserves are in China. But something can be done.
The CRMA is a step forward, it's a positive rather than a negative thing, and at the very least it has put on the table the need to look for critical minerals.
It is not enough to be local, we have to act like Europeans, he insisted at the beginning of the conference.
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