Rare earths are vital for making superconductor chips, electric vehicles, green energy technologies, and also military technologies. Of the 34 classified rare earth minerals, Greenland has about 23. Also in Explained | GDP: Why US is capable of bullying NATOMuch before Trump, Greenland itself has wanted to utilise its mineral wealth. First, the global supply of rare earths and critical metals is harshly competitive. For rare earths in particular, prices are volatile, and large swings often result from China’s pricing strategies — it can easily undercut new producers by lowering prices and flooding the market with materials.

Source: Indian Express January 11, 2026 15:38 UTC