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Greenland's Future: Mines, Markets, and Global Powers
13 Feb
Summary
- Greenland is a geopolitical focal point in early 2026.
- The island holds significant rare earth elements and critical minerals.
- The mining industry could revitalize Greenland's economy.
As of early 2026, Greenland is at the center of a geopolitical tug-of-war. Its strategic position near burgeoning shipping routes has attracted the attention of major global players, including the U.S., Russia, China, and Europe.
Beneath the surface, Greenland possesses substantial deposits of rare earth elements and other critical minerals. The development of its mining industry presents a significant opportunity to invigorate the territory's economy, which has been experiencing a slowdown.
While the potential for economic prosperity through resource extraction is high, the ultimate benefit for Greenland's population remains a key question. The unfolding situation highlights the island's growing importance on the international stage.
