Greenland's harsh environment, lack of key infrastructure and difficult geology have so far prevented anyone from building a mine to extract the sought-after rare earth elements that many high-tech products require. Even if President Donald Trump prevails in his effort to take control of the Arctic island, those challenges won't go away.
Trump has prioritized breaking China's stranglehold on the global supply of rare earths ever since the world's number two economy sharply restricted who could buy them after the United States imposed widespread tariffs last spring. The Trump administration has invested hundreds of millions of dollars and even taken stakes in several companies. Now the president is again pitching the idea that wresting control of Greenland away from Denmark could solve the problem.
''We are going to do something on Greenland whether they like it or not,'' Trump said Friday.
But Greenland may not be able to produce rare earths for years — if ever. Some companies are trying anyway, but their efforts to unearth some of the 1.5 million tons of rare earths encased in rock in Greenland generally haven't advanced beyond the exploratory stage. Trump's fascination with the island nation may be more about countering Russian and Chinese influence in the Arctic than securing any of the hard-to-pronounce elements like neodymium and terbium that are used to produce the high-powered magnets needed in electric vehicles, wind turbines, robots and fighter jets among other products.
''The fixation on Greenland has always been more about geopolitical posturing — a military-strategic interest and stock-promotion narrative — than a realistic supply solution for the tech sector,'' said Tracy Hughes, founder and executive director of the Critical Minerals Institute. ''The hype far outstrips the hard science and economics behind these critical minerals."
Trump confirmed those geopolitical concerns at the White House Friday.
''We don't want Russia or China going to Greenland, which if we don't take Greenland, you can have Russia or China as your next door neighbor. That's not going to happen,'' Trump said
A difficult place to build a mine