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Greenland Resource Sector Confirms No Favoritism

Government not concerned

While talk in Europe and North America revolves around a Chinese master plan to take over the Arctic and its resources, Greenland's government is taking little notice. Kleist has downplayed concerns about Chinese plans to import labor for forthcoming operations by stating, “I do not see thousands of Chinese workers in the country as a threat," according to Denmark's Ritzau news agency.

In fact, he went on to commend the east, noting, "[i]t's fair to say countries like China and South Korea are far more active than Americans and Europeans in showing their interest in investing," according to the BBC. A Reuters article also quoted him as saying, "Greenland is open for investments from the whole world, taking into account that the investors accept the regulations and requirements from Greenland in doing so."

Regardless of whether one sides with the east or the west, this once easily forgettable island is poised for great things. Greenland remains highly prospective, yet underexplored, and is politically stable, mining friendly and boasts a non-biased attitude toward foreign investment. Perhaps investors need to shift attention away from geopolitics and realize that this very lucrative landscape might very well end up playing a key role in defining the REE market moving forward.

 

Securities Disclosure: I, Adam Currie, hold no direct investment interest in any company mentioned in this article.

Related reading: 

Rare Earth Mining in Greenland

Greenland Resource Sector Confirms No Favoritism from Rare Earth Investing News

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