Denmark bolstering Greenland defense after Trump ownership comments

[C0RI0LANUS]

11. Why is Trumpf interested in Greenland? Background info may help explain it.

Greenland has a population of 57,751; GDP per capita: $68,100 (2021 est.).

Economic overview per CIA World Factbook:

Large self-governing Danish territorial economy; preferential EU market access; high-income economy; dependent on Danish financial support, even for whaling and sealing industries; growing tourism; hydropower-fueled but environmentally fragile economy

Export partners: Denmark 49%, China 24%, UK 6%, Japan 5%, Taiwan 3% (2022)

Exports: fish, shellfish, processed crustaceans, precious stones, animal products (2022)

Gov't of Greenland Report: "Large Potential for Critical Minerals in Greenland and the Nordic Countries"

Excerpt:

"Already, there are several exploration and mining projects in Greenland focused on a number of the critical minerals such as: Cobalt, Graphite, Niobium, Platinum Group Metals, Rare Earth Metals, Tantalum, Titanium and Vanadium. However, these projects only cover comparatively small areas of the prospective areas, so the potential for new discoveries are significant. In addition, the report states the potential for Hafnium, Lithium and Silicon metals as high even though these minerals have not seen focused exploration efforts in Greenland so far."


Rare earth metals are essential components of many technological products, including:

Mobile phones; Computers; Batteries; Electric vehicles; and Wind turbines.




Newly inaugurated Nuuk Airport, Greenland

Sources:


https://govmin.gl/2022/03/report-large-potential-for-critical-minerals-in-greenland-and-the-nordic-countries/

https://www.innovationnewsnetwork.com/why-world-turning-to-greenlands-rare-earth-metals/32694/

CIA World Factbook