"Greenland is ours. We are not for sale and will never be for sale," said the island's prime minister, Múte Egede, who leads the democratic socialist Inuit Ataqatigiit party, which won 80% of the votes in the last general election. Even though Greenlanders are Danish citizens, the territory is self-governing.
This brings us back to what this imperialist struggle is all about. The island is loaded with critical minerals, including rare earth minerals, lithium, graphite, copper, nickel, zinc, and other materials used in green technologies. Some estimates suggest that Greenland has six million tons of graphite, 106 kilotons of copper, and 235 kilotons of lithium. It holds 25 of the 34 minerals in the European Union's official list of critical raw materials, all of which exist along its rocky coastline, generally accessible for mining operations. Unsurprisingly, such enormous mineral wealth has made Greenland of interest to China, Russia, and -- yep -- President Trump, too.
"Greenland is an incredible place, and the people will benefit tremendously if, and when, it becomes part of our Nation," Trump wrote on Truth Social. "We will protect it, and cherish it, from a very vicious outside World. MAKE GREENLAND GREAT AGAIN!"
Right now, in this geopolitical chess game, graphite might be the most valuable of all the precious minerals Greenland has to offer. The Amitsoq graphite project in the Nanortalik region of southern Greenland could be the most significant prize of all. Considered to be pure, the "spherical" graphite deposit at the mine there may prove to be the most profitable one in the world. Right now, GreenRoc Mining, based in London, is trying to fast-track work there, hoping to undercut China's interest in Greenland's resources to feed Europe's green energy boom. The profits from that mine could exceed $2 billion. Currently, spherical graphite is only mined in China and is the graphite of choice for the anodes (a polarized electrical device) crucial to lithium-ion battery production.
"This is Not a Joke"
Despite President Trump's attempt to put the brakes on EV growth in the U.S., sales are soaring across the planet. In 2024, EV sales rose 40% in China and 25% globally. Such growth comes with obstacles for manufacturers, which will need a steady stream of minerals like graphite to keep the assembly lines moving. It's estimated that 100 new graphite mines alone will need to come online by 2035 to meet current demand.
Such a reality is, no doubt, well understood by Elon Musk, the co-founder and CEO of Tesla. Musk benefits from his very close relationship with Donald Trump, overseeing the Department of Government Efficiency (which isn't an actual department but an office inside the White House) and would certainly benefit if the U.S. came to control Greenland.
"If the people of Greenland want to be part of America, which I hope they do, they would be most welcome!" Musk recently wrote on his platform X.
Musk is not the only one with potential interests in Greenland. Trump's pick for Commerce Secretary, Howard Lutnick, has a financial stake in the territory, though he's promised to divest. Lutnick's investment firm, Cantor Fitzgerald, backs Critical Metals Corporation, which is set to start mining in Greenland for rare earth minerals as soon as 2026.
Like Musk, Lutnick will significantly influence Trump's approach to the island, even if he officially divests. Trump has also dispatched Ken Howery, a billionaire tech investor, co-founder of PayPal, and buddy of Musk, to be the next U.S. ambassador to Denmark. Howery has told friends he's excited about his post and the possibility of brokering a deal for the U.S. to acquire Greenland.
Marco Rubio, the new secretary of state, insists that Trump isn't bullshitting when it comes to Greenland. "This is not a joke," he said. "This is not about acquiring land for the purpose of acquiring land. This is in our national interest and it needs to be solved."
Greenland and its resources are merely the latest potential casualty of Trump's quest for global domination and his fear of China's economic power. His interest in the green energy sector does not signify a change of heart regarding the dangers of climate chaos or the value of renewables but rather a drive for global financial supremacy. Like the billionaires around him, he desires it all -- the oil, the gas, and the critical minerals essential for the global energy transition, while China is pushed aside. Regarding the Kalaallits and their aspirations, he could care less.
Copyright 2025 Joshua Frank
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