Greenland Tries Mining Rare Earths, Finds Ice and Pricetag Instead
KEY POINTS
- ā¢Greenland has vast deposits of rare earth minerals essential for electric vehicles and military technology.
- ā¢Global powers seek alternatives to Chinaās mineral supply, spotlighting Greenlandās resource potential.
- ā¢Harsh Arctic conditions, high operation costs, and opposition from locals challenge Greenlandās mining ambitions.
Greenland, that frozen giant sitting awkwardly between Canada and Europe, boasts huge rare earth mineral reserves powering everything from electric cars to military gizmos. As the world scrambles to snatch these minerals away from China's clutches, Greenlandās mining dreams face a triple whammy: sub-Arctic weather that could humble a polar bear, costs soaring like Elon Muskās Mars ambitions, and locals who apparently enjoy their ice more than factory fumes. No multinational mining tycoon shows up without a thermos for hot coffee, but bringing mountains of cash and patience is mandatory. So the question remains: can this icy island really unseat global mineral monopoly with frostbite and price hikes as its biggest rivals? Spoiler alert: weāre all terrible drivers of our own lives, and Greenland may just be the ultimate icy skid.
Share the Story
Mining rare earths in Greenland sounds lucrative until you realize itās like running a lemonade stand in Antarctica with a bank account full of ice cubes and local haters.
Trying to mine in Greenland is like honeymooning in Hell - cold surprises, expensive therapy bills, and locals wondering why you're bothering.
Greenlandās mining plans hit headline status for all the wrong reasons: extreme cold, outrageous costs, and locals saying 'nice try'.
Source: Businessinsider | Published: 1/31/2026 | Author: Sarah Andersen,Mark Adam Miller,Barbara Corbellini Duarte
More Articles in Business
Politico Announces Australia Launch for 2026, Because Why Not Start Late?
Trump Promises Retirement Plan That Matches Generosity of Federal Workersā Excuses
Trump Calls Supreme Court 'Unfortunate,' Then Hits Economy with āBetterā 10% Global Tariff
Workday CEO Wonders Who to Replace with AI Before Deciding to Lay Off 400 Humans
David Ellisonās 10th WBD Offer: Slightly Better Than Doing Nothing
AI Slaps White-Collar Jobs, Blue-Collars Brace for Gig Economy Chain Reaction
Costco, Toyota & FedEx Sue Trump For Tariff Refunds Like Itās Black Friday Cashback
Lamborghini Cancels Silent EV, Citing Absence of Vroom-Feelz
