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.
TL;DR
- 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.