Greenland's Rare Earths Emerge as Strategic Resource for EU's Green Transition

The EU and the US eye Greenland's vast mineral reserves as critical supply chains face geopolitical challenges.

Greenland holds significant deposits of rare earth elements (REEs), essential for green technologies like electric vehicles and wind turbines.
The EU relies heavily on imports from China for critical minerals, making Greenland a potential alternative to reduce dependency.
In 2023, the EU signed agreements with Greenland to invest in supply chains for critical minerals, positioning the island as a strategic supplier.
Greenland's mineral wealth could diversify its economy, currently dominated by fishing, and support its aspirations for greater independence from Denmark.
Environmental and logistical challenges, including high costs and ecological risks, complicate the extraction of Greenland's resources.