Greenland has been a topic on interest. The reason is related to its natural resources. Greenland contains rare earth minerals. Not only does Greenland contain those commodities, but oil and natural gas. Drilling for oil or extracting natural gas is restricted. The reasons are related to environmental protection and concern for the indigenous population. The Greenlandic Inuit. would be negatively impacted by natural gas production and oil drilling. Greenland is semi-autonomous, but is a territory of Denmark. The extraction of natural resources remains untapped potential. Greenland contains copper, graphite, nickel, gold, titanium, vanadium, tungsten, uranium, and iron ore. Mining is an important part of Greenland's physical economy. Exploration licenses are required for mining companies to search the land for rare earth minerals. Denmark has not fully extracted Greenland's natural resource economic value. The reason the Trump administration wants to acquire Greenland is to get access to the rare earth minerals. China and Russia are major producers of rare earth minerals. Trying to purchase Greenland from Denmark could be a means of competing with Eurasia. The value of rare earth minerals will only go up as reserves decline from high consumption. The possibility of Greenland being sold could spark a movement to full independence. Greenland's economic significance is going to to increase in the following years. Mining, natural gas, and oil corporations are going to put pressure on Denmark to get access to Greenland's natural resources.
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