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 Greenland: A New Frontier for Rare Minerals and Global Influence

12 0
14.01.2025

Greenland, the world’s largest island, spans a vast area of 2.1 million square kilometers but is very scarcely populated and inhabits only 56,000 people, mostly Inuit. It is rich in natural resources, including rare minerals like oil, and gas, and abundant marine resources. Due to global warming, the melting glaciers in the Arctic region have made it easy and accessible to extract these resources and have made Greenland a point of strategic interest for global powers. As Barry Lopez notes in his book “Arctic Dreams: Imagination and Desire in a Northern Landscape”, the Arctic is rich in resources and a center of environmental and cultural transformation.

Natural Resources and Arctic Changes

The Island’s mineral wealth is estimated to be worth over $1.5 trillion, including minerals like lithium, rare earth elements, uranium, and cobalt—of pivotal importance for progress in modern technology, electronics, and green energy. As Richard Sale and Eugene Potapov discuss in, “The Scramble for the Arctic”, global interest in Arctic resources has sparked geopolitical implications.

By 2050, Arctic ice melt could open........

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