Europe neglected Greenland’s mineral wealth. It may regret it.

Vremea

BRUSSELS — On Greenland’s southern tip, surrounded by snowy peaks and deep fjords, lies Kvanefjeld — a mining project that shows the giant, barren island is more than just a coveted military base. Beneath the icy ground sits a major deposit of neodymium and praseodymium, rare earth elements used to make magnets that are essential to build wind turbines, electric vehicles and high-tech military equipment. If developed, Greenland, a semi-autonomous part of Denmark, would become the first European

Europe neglected Greenland’s mineral wealth. It may regret it. https://www.politico.eu - 13.01.2026 09:03

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Europe neglected Greenland’s mineral wealth. It may regret it. https://www.politico.eu - 13.01.2026 09:03