Why the world is turning to Greenland’s rare earth metals
As the demand for rare earth metals continues to rise globally, exploration efforts have intensified in Greenland, a country with a vast supply and an ideal climate to mine these commodities. Greenland has become a focal point for this type of resource extraction. Rare earth metals are essential components of many technological products, including: Mobile phones; Computers; Batteries; Electric vehicles; and Wind turbines. Greenland contains some of the largest deposits of rare earth elements (REE) on Earth, such as yttrium, scandium, neodymium and dysprosium. These REEs have unique properties that make them ideal for several industrial applications due to their ability to withstand extreme temperatures or chemical agents. While most REE mines exist outside of North America, Greenland offers an attractive alternative, given its natural resources and lack of population density. Recently, foreign companies have begun investing heavily in Greenland’s mining infrastructure by constructing refineries near existing REE sites. The country also recently announced plans to create a ‘green energy corridor’ across its northern regions. This will be powered by renewable energy sources like hydroelectricity, …
