Greenland Mining Company Plans to Double Size of Rare-Earth Mine as US Signs Agreement
The mining operation is expected to be a key source of the rare earth ingredients needed for energy, transportation, and defense technologies.
Greenland Mines has applied to double the size of its rare earth mine in southwest Greenland, following a security agreement announcement by President Donald Trump. The company aims to expand its Sarfartoq rare earth district to supply magnet metals essential for electric vehicles, wind turbines, and defense systems. This development could lessen the Western Hemisphere’s reliance on China, which currently dominates the global market for these minerals.
- Greenland Mines applied to double the size of its rare earth mine.
- The expansion is to supply magnet metals for electric vehicles, wind turbines, and defense systems.
- The company’s Sarfartoq rare earth district in southwest Greenland could grow from 74 to approximately 175 square miles.
- The project aims to reduce the Western Hemisphere’s dependence on China for rare earth minerals.
- China controls at least 75 percent of the global market for all rare earth elements.
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