Trump had proposed the idea of acquiring Greenland during his first stint as President in 2019.<\/p>\n
Trump has argued that acquiring Greenland is \u201cimperative\u201d for U.S. and global security, particularly to challenge China’s dominance in the rare-earth market.<\/p>\n
The Tanbreez project in Greenland is among the world\u2019s largest known rare-earth deposits.<\/p>\n
U.S. President Donald Trump on Tuesday renewed his call for the United States to take over Greenland, saying the strategically important Arctic island was the primary reason behind his strained relationship with NATO.<\/p>\n
Speaking to reporters during a bilateral meeting with Turkish President Recep Tayyip Erdo\u011fan, Trump said Greenland is strategically important to the United States and argued that it should come under U.S. control.<\/p>\n
See what 10M+ investors are talking about. Get the Stocktwits Daily Rip for what retail is watching right now, free to your inbox<\/a><\/p>\n \u201cGreenland doesn\u2019t help Denmark; Denmark doesn\u2019t spend money to really help Greenland, but it is an important part of the United States, and it is surrounded by Chinese and Russian ships,\u201d Trump said.<\/p>\n \u201cGreenland should be controlled by the United States, not by Denmark,\u201d Trump added.<\/p>\n Trump First Proposed The Idea In 2019<\/p>\n Trump\u2019s comments revive a long-standing debate over Greenland, a self-governing territory of the Kingdom of Denmark. He first proposed the idea in 2019 and has renewed it since returning to office, saying it is strategically important because of increasing Russian and Chinese activity in the Arctic.<\/p>\n Both Denmark and Greenland have repeatedly said the territory is not for sale.<\/p>\n The Trump administration previously said it weighed multiple options, including the possible use of military force, to gain control of Greenland, following a military-backed ouster of former Venezuelan President Nicol\u00e1s Maduro earlier this year.<\/p>\n Why The US Wants Greenland<\/p>\n Greenland\u2019s abundant reserves of rare-earth minerals, oil, and natural gas have made the Arctic island strategically important. The rare earth minerals are widely used in electric vehicles, renewable energy equipment, defense technologies, and consumer electronics.<\/p>\n Trump has argued that acquiring Greenland is \u201cimperative\u201d for U.S. and global security, particularly to challenge China’s dominance in the rare-earth market.<\/p>\n The Tanbreez project, operated primarily by Critical Metals (CRML), is among the world\u2019s largest known rare-earth deposits, with more than 27% of its resources consisting of heavy rare-earth elements.<\/p>\n Last month, Critical Metals CEO Tony Sage said Tanbreez could begin commercial shipments by 2029 if the processing infrastructure is completed.<\/p>\n Among ETFs tracking benchmark indexes, the SPDR S&P 500 ETF (SPY) fell 0.8%, Invesco QQQ Trust (QQQ) crashed 2.2%, while the SPDR Dow Jones Industrial Average ETF Trust (DIA) was trading 0.2% lower.<\/p>\n Also read: Crinetics Acquisition Creates A \u2018Fifth Commercial Pillar\u2019 For Vertex, Says Analyst \u2013 Why HC Wainwright Sees A 24% Upside Potential In VRTX Stock<\/a><\/p>\n For updates and corrections, email newsroom[at]stocktwits[dot]com.<\/p>\n Arnab Paul has no position in any of the stocks mentioned in this article. StockTwits’ news team content is for informational purposes only and is not intended as investment advice. For more, see our editorial policy<\/a>. This article was originally published on StockTwits<\/a>.<\/p>\n Related:<\/p>\n","protected":false},"excerpt":{"rendered":"Trump had proposed the idea of acquiring Greenland during his first stint as President in 2019. Trump has…\n","protected":false},"author":2,"featured_media":124857,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[2],"tags":[27,26,5674,57,7813,39481,75,2834],"class_list":["post-124856","post","type-post","status-publish","format-standard","has-post-thumbnail","category-denmark","tag-danmark","tag-denmark","tag-global-security","tag-greenland","tag-kingdom-of-denmark","tag-rare-earth-minerals","tag-trump","tag-u-s"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@dk\/116882331760561023","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/posts\/124856","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/comments?post=124856"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/posts\/124856\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/media\/124857"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/media?parent=124856"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/categories?post=124856"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/tags?post=124856"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}