Reuters report is here:
US lobbied Greenland rare earths developer Tanbreez not to sell to ChinaOfficials urged Tanbreez Mining, the developer of Greenland's largest rare earths deposit, not to sell to Chinese-linked firms due to strategic concerns over China’s dominance in rare earths.
Rare earths are critical for high-tech industries, including defense and electric vehicles. The Tanbreez deposit contains eudialyte with about 30% heavy rare earths and gallium, which is vital for defense applications.
Critical Metals has applied for U.S. Department of Defense funding to develop a rare earth processing facility.The company is in supply talks with defense contractors like Lockheed Martin, RTX, and Boeing.
Other Greenland Projects:
Chinese-linked projects, like Energy Transition Minerals’ rare earth venture, face legal disputes.Other Western companies (e.g., Neo Performance Materials and Anglo American) are exploring opportunities in Greenland.Geopolitical Context:
Greenland is open to U.S. investments but rejects the notion of being "for sale."The U.S. has had more success in Greenland than in Africa in reducing China’s grip on critical minerals. This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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