"Greenland is one of the most logistically hostile environments on the planet - a place with no roads between towns, limited labor, and weather that can shut down operations without warning. Still, world leaders and investors across the globe have their eyes on the island for its natural resources, including copper, zinc, graphite, gold, and rare earth elements that can be used in everything from construction and manufacturing to electronics and defense systems."
"As the US, Europe, and other countries look to diversify supply chains away from China, Greenland has drawn renewed attention as a potential alternative. President Donald Trump's latest remarks that the US should annex Greenland for national security reasons - triggering an outcry from its citizens - have also drawn attention to the island and its strategic value. There is only one fully operational mine in Greenland."
Greenland possesses abundant mineral deposits including copper, zinc, graphite, gold, and rare earth elements. The island lacks roads between towns, has limited local labor, and faces weather that can halt operations without warning. Logistical challenges require meticulous forward planning and on-site infrastructure such as camps, plants, and warehouses. Only one mine currently operates fully, producing anorthosite for industrial applications. Global interest is rising as countries seek to diversify supply chains away from China, and strategic attention has increased after US political remarks about Greenland's security value. High operational costs, remoteness, and unpredictable conditions hinder large-scale extraction despite resource potential.
Read at Business Insider
Unable to calculate read time
Collection
[
|
...
]