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US Administration Urges Investment in Greenland's Critical Minerals

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US Administration,Greenland,Critical Minerals

The Biden administration is making a final push to encourage mining companies and other investors to invest in Greenland, aiming to secure critical minerals and bolster Western supply chains for the energy transition. State Department official Jose Fernandez met with Greenlandic officials to discuss potential investments and mining opportunities.

The outgoing administration of US President Joe Biden is making a last-ditch push for mining companies and others to invest in Greenland, a move aimed at cementing its critical minerals diplomacy and boosting Western supply of materials for the energy transition.

Greenland, a semi-autonomous part of Denmark and host to one of the largest US Air Force bases, contains large deposits of most of the minerals considered critical by the US Geological Survey. Diplomats from Australia, the United Kingdom and the European Union, as well as the US Export-Import Bank and the European Investment Bank, joined the call, which focused on seven projects, including a rare earths project from Neo Performance, a nickel project from Anglo American and a molybdenum project from Greenland Resources.

The US State Department has been offering permitting, mapping and other regulatory advice to Nuuk officials, as well as helping to draft a mining investment law, all aimed at prodding investment in Greenland at standards considered higher than Chinese-linked rivals.

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