Big Take Who Will Win the Race for Greenland’s Rare Earths?
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Aug 8, 2025 Joe Deaux, a Bloomberg reporter specializing in economic statecraft, shares insights from his recent trip to Greenland, where he explored the potential for rare-earth mining. He discusses the geopolitical significance of these resources and the logistical hurdles faced by investors. Deaux highlights local opinions on U.S. ambitions, particularly influenced by Trump’s rhetoric. He also delves into the environmental challenges and the strategic implications of extracting these minerals in a rapidly changing Arctic landscape.
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Remote Tanbreeze Site Challenge
- They endured a 48-hour journey and multiple flights to reach Nuuk and the Tanbreeze region.
- The deposit is geologically rich but remote, making extraction and processing extremely challenging.
Greenland's Strategic Value Extends Beyond Minerals
- Greenland offers minerals, fisheries, hydroelectric power, and Arctic strategic positioning.
- Joe Deaux emphasizes "We need Greenland... for international security," increasing U.S. interest amid rival powers.
Fog Grounded The Expedition
- Dense fog canceled helicopter flights and stranded the team during the planned site visit.
- Joe Deaux and Drew Horn then found fjords still frozen, so boats couldn't reach the site either.