Greenland is positioned as a frontier territory in the global supply of rare earth minerals, drawing considerable attention from investors, corporations, and international governments amid rising demand for components critical to electric vehicles, renewable energy, and high technology.

Its geological resources are prized for their scale and strategic importance, yet present both unprecedented opportunity and significant challenges that shape the investment outlook.

Estimates of Greenland’s rare earth reserves indicate vast mineral potential.

The Tanbreez mine, located in the southwest and operated under a license from the Greenlandic government, is regarded as holding one of the world’s largest rare earth deposits.

Reports suggest the site contains about 19 million tons of rare earth oxides, with an estimated 30% categorized as heavy rare earth elements, which are particularly valued for their scarcity and specialized industrial applications.

This scale positions Tanbreez as potentially accounting for over half of the world’s known rare earth resources.

The Kuannersuit (Kvanefjeld) deposit in southern Greenland is also significant, previously cited as the world’s second-largest rare earth and uranium reserve, with capacity to contribute as much as 10% of global annual rare earth production.

However, specific monetary valuations for these reserves are not publicly disclosed, underscoring a lack of precise open-market value attribution to Greenland's current rare earth stocks.

This uncertainty partly reflects the challenge of calculating fair market value for resources with variable extraction feasibility and subject to evolving regulatory landscapes.

Geologically, Greenland is considered highly prospective not only for rare earths, but for other strategic minerals such as coal, copper, gold, and zinc, according to the Geological Survey of Denmark and Greenland.

Retreating ice caused by climate change continues to open new areas to evaluation and potential development, further magnifying the territory’s mineral prospects.

Key rare earth deposits are found at the Tanbreez site and at Kuannersuit/Kvanefjeld.

Tanbreez, with its imminent production timeline—potentially beginning in 2024—stands out for its heavy rare earth content.

Kuannersuit, by contrast, has encountered formidable political and regulatory obstacles.

The Greenlandic parliament enacted a ban on uranium mining, which effectively ceased development at Kuannersuit, because rare earth extraction there is inseparable from uranium recovery.

This legislative move was motivated by persistent environmental concerns and strong public resistance, underlining the region’s uncertain regulatory context.

Additional sites of interest include the Sarfartoq Carbonatite complex.

This project, under a license held by Toronto-based NEO Performance Materials, is notable for containing elevated concentrations of neodymium and praseodymium, key for manufacturing permanent magnets used in electric vehicles and wind turbines.

The west coast is another target area, where consortia—including those backed by Jeff Bezos, Michael Bloomberg, and Bill Gates through KoBold Metals—have funded exploration for rare earths, nickel, and cobalt, partnering notably with Bluejay Mining.

Extraction of Greenland’s rare earth minerals is fraught with considerable difficulties.

The logistical challenges stem from the Arctic environment: remote locations, limited year-round access, and sparse infrastructure all add to development costs.

Extraction is technically complex, especially since the chemical separation of rare earths is environmentally hazardous, often generating toxic and radioactive waste—most acutely when uranium is present within the ore.

Such waste management issues are particularly acute for projects like Kuannersuit, which combine rare earths with radioactive material.

These concerns have fuelled local opposition and resulted in some of the strictest regulatory controls on mining among Arctic jurisdictions.

The resulting policies reflect Greenland’s semi-autonomous status and prioritization of environmental protection and community welfare.

Corporate and national interests in Greenland’s rare earth sector are numerous.

Tanbreez Mining, led by an Australian operator, holds one of the most advanced mining licenses, while the Kuannersuit project was formerly spearheaded by Australian company Greenland Minerals, which had significant backing from China’s Shenghe Resources.

This partnership was ultimately invalidated following the uranium ban.

China has repeatedly sought to secure mining rights for both rare earths and other minerals in Greenland, but has been rebuffed by regulatory and geopolitical hurdles, including intervention by Denmark which has security concerns regarding Chinese access to critical resources.

Recent years have seen growing interest from Western investors and technology-focused entities.

Major exploration efforts are underway by ventures with support from billionaire investors, including KoBold Metals and Bluejay Mining, expanding the search for rare earths and complementary metals on Greenland’s west coast.

Canadian firm NEO Performance Materials is also adding to Greenland’s rare earth supply potential by advancing development at Sarfartoq.

Supranational initiatives center on the European Union’s partnership with Greenland to secure ethical, sustainable raw materials supply chains.

The EU acknowledges that Greenland hosts 25 of the 34 raw materials it designates as critically important, and intentions are set to foster investment, joint ventures, and rigorous ESG practices in Greenlandic mining, with rare earth elements as a core focus.

In conclusion, Greenland’s rare earth minerals hold immense potential in terms of both size and strategic value, with the Tanbreez and Kuannersuit deposits chief among its global offerings.

The monetary value of these deposits, however, remains largely unquantified in public sources.

Major sites are principally in the southwest and south, with advancing exploration elsewhere as receding ice creates new opportunities.

Extraction poses significant logistical, technical, and environmental challenges, intensified by regulatory frameworks that can swiftly modify feasibility.

Both traditional mining giants and new entrants are vying for access, while national and international bodies look to Greenland as a linchpin in future supply chains.

Potential investors should consider Greenland’s rare earth sector as high-opportunity but also high-risk, especially given prevailing regulatory, environmental, and operational uncertainties.

Greenland is positioned as a frontier territory in the global supply of rare earth minerals, drawing considerable attention from investors, corporations, and international governments amid rising demand for components critical to electric vehicles, renewable energy, and high technology.

Title:

Content: Advertisement
Economics.
A race between financiers around the world to search for this substance in Greenland.
Interesting details!
10-08-2022 | 00: 49
A-
A +
photos 0
A +
A-
CNN reports that some of the world ’ s wealthiest people are funding large treasure hunts using helicopters and signal transmitters on Greenland ’ s west coast.
The climate crisis is causing Greenland ’ s ice to melt at unprecedented rates, ironically creating an opportunity for investors and mining companies looking for a treasure trove of important minerals capable of powering clean energy transitions.
Advertisement
Search for minerals in Greenland
Many billionaires, including Jeff Bezos, Michael Bloomberg and Bill Gates, are betting that what lies beneath the surface of the hills and valleys of Disco Island and Greenland ’ s Noswak Peninsula are important enough minerals to power millions of electric vehicles.
Speaking to CNN, Kobold Metals CEO Kurt House said: “We are looking for a deposition that will be the largest or second largest nickel and cobalt deposition in the world. ”
The disappearance of Arctic ice – both on land and in the ocean – highlights a unique dichotomy: Greenland is the zero point for the effects of climate change, but it could also be the zero point for the search for the minerals needed to provide solutions to this crisis.
For their part, representatives of Kobold Metals, a California-based mineral exploration company, said the billionaires ’ club is supporting the company financially.
Bezos, Gates and Bloomberg did not respond to requests from CNN for comment on the news, and Kobold Metals is partnering with Bluejay Mining to find precious and rare metals in Greenland, which are essential for building the electric vehicles and huge batteries needed to store renewable energy.
The Geological Survey of Denmark and Greenland said Greenland could be a hot spot for coal, copper, gold, rare earth elements and zinc.
The Greenland government has conducted several assessments on ice-free land and is aware of the country ’ s “ability to diversify the national economy through mineral extraction, ” the agency said.
(Arabic Post)
Go ahead.
Advertisement
Our news via your email
SIGN UP
Softimpact
All rights reserved © Lebanon24
All rights reserved © Lebanon24
Softimpact

Its geological resources are prized for their scale and strategic importance, yet present both unprecedented opportunity and significant challenges that shape the investment outlook.

Title:

Content: AEX Gold aims to invest in Greenland through its new gold mining project

Traditionally known for its fishing and hunting industries, Greenland is fast becoming the next significant area of exploration for mining businesses. The largest island in the world, Greenland remains one of the least populated areas worldwide with 56,000 citizens, and it has sought to attract local and foreign investment across a number of new projects.

The island’s current position remains complex. A sovereign government, it is positioned under the Danish kingdom who provide grants to support its local economy. To further its independence and bolster its economy to create increased tax revenue, Greenland has embraced the exploration of new mining projects as well as utilising all the renewable and local resources it has to offer.

Rich in rare-earth minerals, gold, iron-ore, uranium, in addition to hydro and wind power, Greenland’s favourable legal framework and robust infrastructure, particularly in South Greenland, have factored into AEX Gold’s vision to explore through its Greenlandic subsidiary, Nalunaq Gold Mine, situated in the Nanortalik Gold belt, Southern Greenland.

Acquiring an existing Exploitation Licence in 2015, the company is at the advanced exploration stage of its Nalunaq property, including the previously operating Nalunaq Gold Mine.   It also holds Exploration Licences at the early exploration stage Vagar and Tartoq properties.

Hosting a high-grade NI 43-101 compliant gold resource estimate of 263k oz (inferred) at 18.7 g/t and a number of regional exploration targets, AEX Gold has undertaken three years of exploration at Nalunaq, developing an updated geological model and an extension of the main vein strike length up to 1km.

“The government is very supportive, so it's about having a sound exploration strategy. We are very much focused on that, as we have an asset package that we think we can grow and create a lot of value,” explains Chief Executive Officer, Eldur Olafsson.

Originating from Iceland, Olafsson has gained extensive experience of the local geography. Focusing on mining projects in Greenland since 2012, he has analysed the country’s potential against the backdrop of environmental responsibilities and associated legalities with partner SRK Exploration Services. Through this process, the business has turned its attentions solely towards gold exploration.

“The known gold deposits in Greenland are in an area where the climate is mild and, given our experience, logistics are relatively easy. Gold opportunities are easier to finance than larger base metals projects and our perception was that we could fully fund projects like these through our support here in Iceland and in the UK market,” he explains.

“We started looking for opportunities in the South Greenland Gold Province and became aware of this historically producing mine. We were attracted by the extremely high-grade potential of the resource and the fact that the project had significant infrastructure in place.  We believed there were significant opportunities to materially improve the mining operation that had been run by previous operators.”

Extensive exploration

Throughout the exploration of high-grade resources, Olafsson is proud to remain hands on and is regularly seen on site. By undertaking various technical studies, AEX has gained the ability to comprehensively analyse similar types of assets with potential.  After acquiring the Nalunaq project in 2015 the company has continued to expand its portfolio. Whilst Nalunaq encompasses the required licence to explore and recommence production at the old gold mine, they own the larger Vagar exploration licence, situated a few kilometres to the west of the mine, where AEX believes the ground is prospective for the discovery of further Nalunaq-type deposits.  In addition, they also own the early stage Tartoq Project to the North West of Nalunaq. Each licence area is at a different stage of exploration which supports AEX’s aim of having a continuous pipeline of projects being brought into production.

“We have a total of 690sqkm of licences in south Greenland and we're the only active listed gold company in Greenland. Previous operators undertook very little forward-looking exploration once the mine was in production.  It's a very under-explored region so we intend to recommence production within the next two years at Nalunaq in order to support our exploration in the larger licences in the next 5-10 years,” he says.

“Iceland is a short distance from Greenland, so logistically it’s good for us. Additionally, in Iceland you need to be really self-sufficient, and the same can be said for those in Greenland. We don't have as many people or the multitude of services that you would have in other countries which encourages you to think creatively,” he adds.

Consequently, the company has sought to maximise efficiency whilst keeping costs down, yet all the time adding increased value across its operations.

By acquiring a high-grade deposit, less material is needed to be broken down, lowering AEX Gold’s carbon footprint. Everything taken out of the mine from underground will be processed and shipped out to a different processing facility, or processed on site adhering to the current environmental guidelines. Historically, electricity has been generated through the use of traditional fossil fuels, something which is steadily changing throughout Greenland.

“We're using oil to put in generators or to power mobile mining equipment which is high cost both in monetary and environmental terms.   Greenland currently has five hydroelectric power plants and they are looking at building more in south Greenland,” says Olafsson.

Seeing huge opportunities, he explains that the use of hydropower and wind power would complement AEX Gold’s operations, not only in its existing exploration activities, but with the implementation of an electric mining fleet with electricity being obtained from local renewable resources.

Providing local opportunities

In the future, it will be essential for Greenland to gain further revenue to unlock opportunities and services for its citizens. This is something Olafsson believes that AEX Gold can help with due to its knowledge of Iceland as it has many similarities to Greenland and has been through a period of comparable change.

“Greenland is in a similar position to Iceland not so long ago. Iceland didn't have a high education rate and wasn’t wealthy compared to other European countries, with economic and cultural activities that were very insular. We are now at the highest level of all parameters in terms of education, wealth per family, etc. and this has stemmed from improving the breadth of schooling and creating opportunities for people to grow and develop outside of the traditional areas of agriculture and fisheries.

“Our aim is that the majority of employees will be Greenlandic, but it will take time. Greenland has a large number of people competing for jobs in the fisheries and tourist centres. It is important that Greenlanders are able to access programmes that will allow them to consider other career options. In Iceland we are importing a lot of people to work in different industries in our country because we don't have enough people. This might be the case for Greenlanders as well if the anticipated growth of the Mining Sector materialises but we want to ensure that, where possible, we use local people first before looking elsewhere.

“The Greenlandic Government provides good support for those who seek education.  There are an increasing number of Greenlandic students attending Danish Universities so that now, for example, we are seeing well qualified Greenlandic geologists available for employment.  There has been a Mining School at Sisimiut for the last 10 years which provides local qualified labour who can take advantage of opportunities in the Mining sector.  You need skilled labour and as we own a mine that was in production for 10 years previously, there is a fair bit of local knowledge that we have been able to use during our exploration work and which we are keen to utilise going forward,” he says.

“We are creating revenue for local communities, creating highly skilled jobs, and are providing benefits where local communities can live better lives and grow as individuals. We need to create opportunities for young people.”

Additionally, by working with local businesses as well as those who have been operating in Greenland for some time, AEX has made a conscious effort to hire companies which can support its growth. AEX have therefore acquired a longstanding relationship with Cartwright Drilling, due to the company’s extensive experience in Greenland and subsequent knowledge of the island’s government systems, processes and practices.

Planning to mine high-grade resources using significant infrastructure already in place, AEX Gold holds extensive licences managed by an experienced team. Previous operations produced between 50,000 to 100,000 ounces a year at 15.4 grams/ton produced and this has provided a benchmark for the company, who will utilise this cash flow to explore the wider region in the long-term.

“We have a five-year plan where we want to get into production at Nalunaq and use the cash generated to fund exploration in the wider district.   We envisage investing a significant amount in exploration assets to provide a portfolio of different deposits that we can bring into production. We are creating a company that has a long-term mission in Greenland to build up local know how to support our aim of ramping up to very profitable production across a number of projects,” notes Olafsson.

“It will create a dramatic effect on the local community and hopefully be a springboard for unlocking much larger potential in Greenland. There are plenty of deposits that have been found, but you have to be able to develop them. You can only do that that with support and cooperation from the local people who believe in your vision.”

Share
Share
Author
Executives
Eldur Olafsson

Estimates of Greenland’s rare earth reserves indicate vast mineral potential.

What does Greenland's Tanbreez mine contain?

The Tanbreez mine, located in the southwest and operated under a license from the Greenlandic government, is regarded as holding one of the world’s largest rare earth deposits.

What company has obtained permission to extract Greenland's rare earths?

What does Greenland's Tanbreez mine contain?

30% of oxides are highly sought after heavy rare earth metals

Reports suggest the site contains about 19 million tons of rare earth oxides, with an estimated 30% categorized as heavy rare earth elements, which are particularly valued for their scarcity and specialized industrial applications.

Title:

Content: Greenland to mine rare earths in 2024 | Economic Horizontal | DW | 30.07.2023
1.
Inhalt
2.
Navigation
3.
Weitere Inhalte
4.
Metanavigation
5.
Suche
6.
Choose from 30 Languages
Advertisement
Economic stratification
Greenland to mine rare earths in 2024
According to the German "Economic Weekly" reported that a mining company has obtained permission from the Greenland government to mine rare earths on the island.
The company said production could begin next year.
Tanbreez Mining, a mining company, plans to mine rare earths in Greenland next year, according to the Economic Weekly.
“We can start production next year, ” said Greg Barnes, a geologist and owner of the company. Greenland ’ s deputy minister for minerals confirmed to the journal that a mining licence had been issued.
Barnes said the Tanbreez mine "contains more than half of the world's rare earth resources" and has 19 million tons of rare earth oxides.
Of these, 30% are highly favored heavy rare earth elements.
Rare earth contains a total of 17 kinds of metal elements, the properties of each metal are different.
Each metal has a unique industrial value.
Some of them are irreplaceable.
They are used, for example, in the manufacture of electric vehicles or wind turbines.
Last year, about two-thirds of Germany ’ s rare earths came from China. Mining such as rare earths is difficult and often harmful to the environment, as rare earths are often associated with iron ore, and the chemical process of refining often requires the use of acidic substances.
What is Rare Earth?
Barnes, owner of Tanbreez Mining, told Economic Weekly that to start mining for rare earths in Greenland, a factory would be needed to separate rare earths from heterosexual rocks.
Currently there are only such factories in Russia and China.
But one such plant will be built in the United States in the coming months.
There are also plans to build a factory in Europe.
Thanks to technological advances, the equipment that separates rare earths currently costs only $40 million.
According to Barnes, China paid 1.7 billion U.S. dollars for the equipment 13 years ago.
In January, Swedish state-owned mining company LKAB announced the discovery of Europe ’ s largest rare earth deposit to date.
But the company said it would take 10-15 years for the rare earth mine, located in Kiruna in northern Sweden, to be available to the market.
EU Plans to Diversify Rare Earth Supply Chain
(Agence France-Presse, Economic Weekly)
© 2023 Deutsche Welle Copyright Notice: All content in this article is protected by copyright law and may not be used without special permission from Deutsche Welle.
Any misconduct will lead to recovery and criminal prosecution.
DW.COM

What does Greenland's Tanbreez mine contain?

30% of oxides are highly sought after heavy rare earth metals

This scale positions Tanbreez as potentially accounting for over half of the world’s known rare earth resources.

What does Greenland's Tanbreez mine contain?

The Kuannersuit (Kvanefjeld) deposit in southern Greenland is also significant, previously cited as the world’s second-largest rare earth and uranium reserve, with capacity to contribute as much as 10% of global annual rare earth production.

Title:

Content: Greenland ban on uranium mining prevents Chinese companies from expanding rare earths
November 13, 2021 17: 33
Eastern Network Television
More News Clips
As part of its Arctic strategy, China has supported the mining of rare earths in Greenland by Australia ’ s Greenland Minerals, a Chinese-owned subsidiary of Shenghe Resources, through the Belt and Road Initiative.
However, Greenland ’ s parliament passed a new law banning uranium mining and halting the development of rare earth deposits at Kuannersuit, the southern tip of Greenland.
China's rare earth mining accounts for more than 70% of the global mining volume, and China's rare earth magnetic processing volume accounts for 90% of the global processing volume.
Sungho Resources, one of the world ’ s largest producers of rare earth materials, acquired a 12.5% stake in Greenland Minerals in 2016, making it the largest shareholder in the latter.
Guanast in southern Greenland is home to the world ’ s second-largest reserves of rare earths and uranium after China, accounting for 10% of the world ’ s rare earth production.
Since former US President Donald Trump proposed the idea of buying Greenland in 2019, the rich rare earth resources of Guanaster in southern Greenland have attracted attention.
Greenland ’ s local parliament was elected early on April 6. In the end, the pro-environmental left-wing Inuit Ataqatigiit party won the election, and its leader, Mute Egede, became the new prime minister.
He declared that he would do everything in his power to stop the Guanast Rare Earth Mine project.
In response, Greenland ’ s parliament has passed a new bill aimed at banning exploration of uranium deposits, as well as other radioactive deposits such as thorium, and halting the development of rare earth deposits at the southern tip of Greenland.

What percentage does Kuannersuit in southern Greenland account for in global rare earth production?

However, specific monetary valuations for these reserves are not publicly disclosed, underscoring a lack of precise open-market value attribution to Greenland's current rare earth stocks.

Title:

Content: Greenland’s Melting Glaciers Spew a Complicated Treasure: Sand

Meltwater from the island’s ice sheet is loaded with the right kind of sand for concrete production—which further warms the planet.

Sand is both abundant and rare. Earth has vast deserts of the stuff, of course, but not the kind that’s in such high demand that sand mafias are killing for it. That special variety is a critical component of the concrete used in buildings and infrastructure, the production of which has skyrocketed exponentially over the last few decades. That has come at a significant climate cost: The industry now accounts for 8 percent of global carbon emissions.

Sand is also at the center of a strange climate story. Climate change is destroying Greenland’s ice sheet, producing an extraordinary amount of meltwater. (Even if we somehow totally stopped emissions today, Greenland’s melting could still contribute nearly a foot of sea-level rise.) And in a twist of fate, that meltwater is loaded with the right kind of sand for concrete production, which causes more warming and more melting. Great plumes of glacial sediment are swirling along the coast, actually adding land along the edges of the island. Even though Greenland is only three times the size of Texas, its ice sheet is the source of 8 percent of suspended river sediments flowing into the oceans.

The country now has to figure out whether exploiting that valuable, abundant resource on a wider scale would be environmentally, socially, and economically tenable. “It is quite controversial—we're saying Greenland can benefit from climate change,” says Mette Bendixen, a geographer at McGill University in Canada, who’s studying the idea. “Contrary to most of the other parts of the Arctic coast, Greenland is not eroding. It's in fact growing bigger, because the ice sheet is melting. So you can think of the ice sheet as a tap that pours out not only water, but also all the sediment.”

That sediment is special, indeed. Desert sand from, say, the Sahara is no good for making concrete because it’s too rounded and uniform. Over millennia, winds push those grains around, polishing them. If you make concrete out of such sand, “it's almost like building with marbles,” says Bendixen. “You want particles that are more angular in shape, not rounded. And that type of material is exactly what you get from rivers, for example, or material that has been deposited by glaciers.”

As Greenland’s ice sheet—which covers 700,000 square miles and is up to 10,000 feet thick—rubs against the land, it grinds up sediment, including sand, fine silt, and larger chunks of gravel. And as the ice melts, torrents of water carry all that debris to the sea, while the pounding of the rivers themselves further erodes the landscape. Compared to the thousands of years that sand spends rolling around the Sahara and becoming rounded, the particles coming off Greenland are fresher. They’re more angular and more diversely shaped. Instead of acting like marbles, they fit together like pieces of a jigsaw puzzle, which is good for concrete.

Greenland already harvests its sand for local, small-scale concrete production, since importing sand would be prohibitively expensive. This is limited to domestic companies, who have to win non-exclusive permits after passing environmental review by the government’s scientific advisers. They can also apply to export the sand, but that requires additional licensing. “We are basically also open for sand extraction aiming at export, but then it will be treated like any other mining activity,” says Kim Zinck-Jørgensen, of the Greenland government’s Mineral Licence and Safety Authority. “And for that you'll have a much greater setup with regulations and also environmental impact assessments, social impact assessments.”

Currently, dredging boats suck up sediment along the coast and filter out the sand, which is then brought back onshore. But if Greenland decides to scale up sand extraction for export, that would mean big ships would have to haul the stuff away to international ports. “It's important to stress that if you extract whatever natural resource, there will be environmental consequences,” says Bendixen. “But really, here the environmental consequences can be super broad.”

For one, those big ships will also be bringing in ballast, or the water they’ve collected from elsewhere and stored in their hulls for balance. If that ballast is released off the coast of Greenland, it may introduce invasive species. And, of course, dredging coastal sediments would further endanger underwater native creatures—and on land, increased mining operations might scare away the game that Inuit hunters rely on. (Greenland’s population is about 90 percent indigenous Inuit. The Greenland branch of the Inuit Circumpolar Council, an NGO representing Inuit peoples, declined to comment for this story.)

Interestingly, though, last month Bendixen and her colleagues published a survey of Greenlanders about their opinions on sand extraction. They found that 84 percent of adult residents are in favor of it, and three-quarters want it to be a national project. “It turns out that the vast majority of Greenlanders think that it should be primarily a Greenlandic enterprise,” says Rasmus Leander Nielsen, a political scientist at the University of Greenland, who did the survey with Bendixen. “Maybe you could have some smaller-scale, Greenlandic-led companies that could start off. And then eventually, when the business case is more favorable, then we could go into a larger export.”

About that business case: While the global demand for sand has gone wild, the economics of exported Greenland sand aren’t yet clear. A company would have to pay to run the local operations and foot the shipping costs to get the resource off the island. Those will be considerable, since sand is heavy and takes up a lot of room in a ship.

The Greenland government recently worked with a consultancy that did an assessment, finding that exporting the sand to Europe isn’t economically feasible at the moment. “Whether it's feasible to export it further on to the Middle East, I don't know,” says Thomas Lauridsen, chief adviser to Greenland’s Ministry of Mineral Resources and Justice. “But we will then be in competition with European companies that will dredge sand in Europe or closer to the customer.”

Lauridsen adds that it’s up to the private sector to determine whether selling Greenland’s sand is cost-effective or not. And that export cost calculus may change in the future. “By 2100, the demand for sand is going to rise 300 percent, and the price 400 percent,” says Bendixen. “So we don't have to look that much farther into the future to start seeing a different calculation here in terms of whether it's worthwhile.”

Yes, a world with more sand harvesting for making more concrete would also mean more carbon emissions, more warming, and more melting of Greenland’s ice sheet. But, Bendixen says, all that glacial sand need not go exclusively toward concrete. Coastal communities are increasingly clamoring for sand to hold back rising seas, a fortification known as beach nourishment. “Just think of the irony in using the sand for beach nourishment to mitigate sea-level rise,” says Bendixen, “which is caused by—to a large extent—the melting of the Greenland ice sheet!”

This uncertainty partly reflects the challenge of calculating fair market value for resources with variable extraction feasibility and subject to evolving regulatory landscapes.

Geologically, Greenland is considered highly prospective not only for rare earths, but for other strategic minerals such as coal, copper, gold, and zinc, according to the Geological Survey of Denmark and Greenland.

Retreating ice caused by climate change continues to open new areas to evaluation and potential development, further magnifying the territory’s mineral prospects.

Key rare earth deposits are found at the Tanbreez site and at Kuannersuit/Kvanefjeld.

Title:

Content: Uncategorized

Rare Earth Elements Market, Global Outlook and Forecast 2022-2028

Rare Earth Element is one of a set of seventeen chemical elements in the periodic table, specifically the fifteen lanthanides, as well as scandium and yttrium. Scandium and yttrium are considered rare-earth elements because they tend to occur in the same ore deposits as the lanthanides and exhibit similar chemical properties.
This report contains market size and forecasts of Rare Earth Elements in global, including the following market information:
Global Rare Earth Elements Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Rare Earth Elements Market Sales, 2017-2022, 2023-2028, (MT)
Global top five Rare Earth Elements companies in 2021 (%)
The global Rare Earth Elements market was valued at 2659.4 million in 2021 and is projected to reach US$ 3906.3 million by 2028, at a CAGR of 5.6% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Cerium Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Rare Earth Elements include Arafura, Alkane Resources, Avalon Rare Metals, China Rare Earth Holdings, Indian Rare Earths, Lynas, Great Western Minerals, Greenland Minerals & Energy and Rare Element Resources, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Rare Earth Elements manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Rare Earth Elements Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global Rare Earth Elements Market Segment Percentages, by Type, 2021 (%)
Cerium
Dysprosium
Erbium
Europium
Gadolinium
Holmium
Lanthanum
Lutetium
Neodymium
Praseodymium
Global Rare Earth Elements Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global Rare Earth Elements Market Segment Percentages, by Application, 2021 (%)
Magnets
Catalysts
Metallurgy
Polishing
Glass
Phosphors
Ceramics
Other
Global Rare Earth Elements Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global Rare Earth Elements Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Rare Earth Elements revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Rare Earth Elements revenues share in global market, 2021 (%)
Key companies Rare Earth Elements sales in global market, 2017-2022 (Estimated), (MT)
Key companies Rare Earth Elements sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Arafura
Alkane Resources
Avalon Rare Metals
China Rare Earth Holdings
Indian Rare Earths
Lynas
Great Western Minerals
Greenland Minerals & Energy
Rare Element Resources
Molycorp
Inner Mongolia Baotou Steel Rare Earth Hi-Tech
Frontier Rare Earths

Download FREE Sample of this Report @ https://www.statsmarketresearch.com/download-free-sample/7131409/global-rare-earth-elements-forecast-2022-2028-651

Table of content

1 Introduction to Research & Analysis Reports
1.1 Rare Earth Elements Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Rare Earth Elements Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global Rare Earth Elements Overall Market Size
2.1 Global Rare Earth Elements Market Size: 2021 VS 2028
2.2 Global Rare Earth Elements Revenue, Prospects & Forecasts: 2017-2028
2.3 Global Rare Earth Elements Sales: 2017-2028
3 Company Landscape
3.1 Top Rare Earth Elements Players in Global Market
3.2 Top Global Rare Earth Elements Companies Ranked by Revenue
3.3 Global Rare Earth Elements Revenue by Companies
3.4 Global Rare Earth Elements Sales by Companies
3.5 Global Rare Earth Elements Price by Manufacturer (2017-2022)
3.6 Top 3 and Top 5 Rare Earth Elements Companies in Global Market, by Revenue in 2021
3.7 Global Manufacturers Rare Earth Elements Product Type
3.8 Tier 1, Tier 2 and Tier 3 Rare Earth Elements Players in Global Market
3.8.1 List of Global Tier 1 Rare Earth Elements Companies
3.8.2 List of Global Tier 2 and Tier 3 Rare Earth Elements Companies
4 Sights by Product
4.1 Overview
4.1.1 By Type – Global Rare Earth El

CONTACT US:
276 5th Avenue, New York , NY 10001,United States
International: (+1) 646 781 7170 / +91 8087042414

Related Articles

Back to top button

What does Greenland's Tanbreez mine contain?

Tanbreez, with its imminent production timeline—potentially beginning in 2024—stands out for its heavy rare earth content.

What does Greenland's Tanbreez mine contain?

30% of oxides are highly sought after heavy rare earth metals

Kuannersuit, by contrast, has encountered formidable political and regulatory obstacles.

Which Greenland rare earth deposits has its Parliament prohibited from developing?

The Greenlandic parliament enacted a ban on uranium mining, which effectively ceased development at Kuannersuit, because rare earth extraction there is inseparable from uranium recovery.

What has Greenland done to undermine Chinese efforts to establish a foothold in the Arctic region?

What has Greenland's new prime minister Mute Egede pledged to do regarding Kuannersuit rare earth mining?

Which Greenland rare earth deposits has its Parliament prohibited from developing?

This legislative move was motivated by persistent environmental concerns and strong public resistance, underlining the region’s uncertain regulatory context.

Additional sites of interest include the Sarfartoq Carbonatite complex.

Title:

Content: A Canadian company has been granted a license to mine rare metals in Greenland.
© AP Photo / David Goldman Greenland ice melt August 3, 2017
Follow us via
Toronto ’ s New Performance Materials, one of the few rare earth metal processors outside China, has obtained an exploration license in Greenland from Hudson Resources in Vancouver (Canada).
Washington - Sputnik.
“Through a special-purpose entity, NEO plans to explore and develop the Surfertog project to further diversify its global sources of rare earth ore and expand the supply chains that feed the company ’ s rare earth ore separation facility in Estonia, ” it said in a statement.
NEO CEO Constantine Karianopoulos told the New York Times that his goal was to reduce the company ’ s exposure to volatile global crude prices.
NEO buys semi-processed raw materials from Russia, the United States and Australia.
"Collects Rare Minerals"...
China enters the world of "space mining" with the launch of the first robot...
A picture.
The Surftog Carbonatite complex contains mineral deposits rich in neodymium and praseodymium, which are essential components of the rare earth permanent magnet used in electric vehicles, wind turbines, high-efficiency electric motors and pumps that help reduce greenhouse gas emissions.
NEO also plans to build a new permanent magnet manufacturing plant in Estonia to supply European manufacturers of electric and hybrid vehicles, wind turbines, and energy-efficient electric motors and pumps, the statement said.
News Ticker
0.
To participate in the discussion
Sign in or Register
loader
Conversations
Заголовок открываемого материала

This project, under a license held by Toronto-based NEO Performance Materials, is notable for containing elevated concentrations of neodymium and praseodymium, key for manufacturing permanent magnets used in electric vehicles and wind turbines.

The west coast is another target area, where consortia—including those backed by Jeff Bezos, Michael Bloomberg, and Bill Gates through KoBold Metals—have funded exploration for rare earths, nickel, and cobalt, partnering notably with Bluejay Mining.

Extraction of Greenland’s rare earth minerals is fraught with considerable difficulties.

The logistical challenges stem from the Arctic environment: remote locations, limited year-round access, and sparse infrastructure all add to development costs.

Title:

Content: Friday 01 December 2023
Chairman of the Board of Directors and Editors
Abdurrahim Ali
Editor-in-Chief
Dalia Abdul Rahim
Chairman of the Board of Directors and Editorial Board
Abdurrahim Ali
Editor-in-Chief
Dalia Abdul Rahim
The world.
EU and Greenland sign strategic partnership on raw material value chains
Follow the latest news through the app
The European Union has signed a memorandum of understanding with the Government of Greenland in Brussels to establish a strategic partnership to develop sustainable raw material value chains.
Greenland ’ s vast natural wealth is a key asset for reaping the benefits of global value chains, as it seeks to diversify its economy in a sustainable way, while 25 of the 34 critical raw materials identified by the Commission as strategically important for European industry and green transformation can be found in Greenland.
The Executive Vice President of the European Green Deal, Enterprise Relations and Foresight of the European Commission, Maros Sivčović, signed the Memorandum of Understanding with the Government of Greenland represented by the Minister of Business, Trade, Mineral Resources, Justice and Gender Equality, Naga Nathanelsen.
The signing of the MoU will contribute to the development of sustainable projects along the raw materials value chains and the deployment of the necessary infrastructure for their development.
The MoU provides for close cooperation between Greenland and the EU in five important areas; among which is the development of economic and industrial integration of the value chains of vital raw materials and other raw materials.
This includes networking, joint project development, creating and promoting new business models, attracting investments, supporting access to finance, facilitating business linkages, developing and integrating support for economic diversification and ensuring the smooth functioning and resilience of value chains.
Foster collaboration to leverage high environmental, social and international governance (ESG) standards, to ensure that Greenland ’ s mineral sector serves as a lever for sustainable and inclusive economic growth while creating local and local value.
This includes the sustainable exploitation of mineral resources in close dialogue with the Greenland community of individuals, organisations, institutions and other stakeholders, taking fully into account the unique nature of Greenland ’ s pristine lands and applying high environmental, social and governance standards set out in legislation, conventions, guidelines and best practices.
Deploy the infrastructure needed to develop raw material value chains.
This includes taking into account the specificities of Greenland's transport and energy infrastructure needs, taking into account Arctic or sub-Arctic conditions, and supporting the mobilization of funding for such infrastructure.
Capacity building and skills development along raw material value chains.
This includes developing skills at all levels in the raw materials industry and wider society.
Greenland is eligible to participate in the EU Framework Programme for Research and Innovation and provides Earth observation data thanks to the European Copernicus Satellite Programme which offers promising opportunities related to mineral exploration, sediment mapping and mining monitoring including waste management and environmental impact monitoring.
according to the statement.

Extraction is technically complex, especially since the chemical separation of rare earths is environmentally hazardous, often generating toxic and radioactive waste—most acutely when uranium is present within the ore.

Such waste management issues are particularly acute for projects like Kuannersuit, which combine rare earths with radioactive material.

These concerns have fuelled local opposition and resulted in some of the strictest regulatory controls on mining among Arctic jurisdictions.

Title:

Content: The government of Greenland, which is located in the Arctic, said on Monday it had revoked the license of a Chinese mining company to mine an iron ore deposit near the capital, Nuuk.
The move has dealt a blow to efforts by Chinese companies to gain a foothold in the resource-rich Arctic region.
China ’ s General Nice took control of the Isua mine in 2015, replacing bankrupt London Mining.
Junan became the first Chinese company to acquire mining rights in Greenland.
Greenland is an autonomous region of Denmark and is rich in minerals.
As a result of the warming climate, waterways have been opened, allowing the resources of the Arctic Island to be developed and utilized.
The Greenland government pointed out that the mine was idle and Junan did not pay the agreed guarantee and therefore withdrew its license.
Once Junan returns the license, Greenland will re-offer it to interested companies.
At present, the government of Greenland has asked Junan to return all the geological data, pay the remaining 1.5 million Danish kroner (about $226,000) of the deposit, and clean up the mine.
The London mine, which was granted mining rights in 2013, initially planned to employ 2,000 Chinese workers to mine, with a goal of supplying about 15 million tonnes of iron ore to China each year.
Greenland banned uranium mining this year, blocking mining in the Kuannersuit region, one of the world ’ s largest rare earth mines and partly owned by a Chinese company.
Junan tried to buy an abandoned naval base in Greenland from Denmark in 2016, but sources told Reuters at the time that the Danish authorities had rejected the proposal for security reasons.
# Greenland # Junan # Mining # China # Mining

The resulting policies reflect Greenland’s semi-autonomous status and prioritization of environmental protection and community welfare.

Corporate and national interests in Greenland’s rare earth sector are numerous.

Tanbreez Mining, led by an Australian operator, holds one of the most advanced mining licenses, while the Kuannersuit project was formerly spearheaded by Australian company Greenland Minerals, which had significant backing from China’s Shenghe Resources.

What company has obtained permission to extract Greenland's rare earths?

What countries are invested in Greenland Minerals corp?

What is one of the global key REE manufacturers?

This partnership was ultimately invalidated following the uranium ban.

China has repeatedly sought to secure mining rights for both rare earths and other minerals in Greenland, but has been rebuffed by regulatory and geopolitical hurdles, including intervention by Denmark which has security concerns regarding Chinese access to critical resources.

Recent years have seen growing interest from Western investors and technology-focused entities.

Major exploration efforts are underway by ventures with support from billionaire investors, including KoBold Metals and Bluejay Mining, expanding the search for rare earths and complementary metals on Greenland’s west coast.

Canadian firm NEO Performance Materials is also adding to Greenland’s rare earth supply potential by advancing development at Sarfartoq.

Supranational initiatives center on the European Union’s partnership with Greenland to secure ethical, sustainable raw materials supply chains.

The EU acknowledges that Greenland hosts 25 of the 34 raw materials it designates as critically important, and intentions are set to foster investment, joint ventures, and rigorous ESG practices in Greenlandic mining, with rare earth elements as a core focus.

In conclusion, Greenland’s rare earth minerals hold immense potential in terms of both size and strategic value, with the Tanbreez and Kuannersuit deposits chief among its global offerings.

What does Greenland's Tanbreez mine contain?

The monetary value of these deposits, however, remains largely unquantified in public sources.

Title:

Content: They own 20% of the world ’ s stock.
How can Algeria benefit from rare earths?
ALGIERS- The Algerian government has thrown its weight this year to the value of its natural mineral wealth to strengthen its hard currency resources, in preparation for the gradual liberation from dependence on hydrocarbons.
The Ministry of Energy and Mines recently launched 26 mineral exploration projects, following the discovery of 32 untapped mining materials.
President Abdelmadjid Tebboune recently stressed that “Algeria is rich in vast untapped wealth, such as rare metals, which ranks third in the world. ”
The Bureau of Geological and Mineral Research of the African Economic and Financial Information Agency estimates that Algeria holds 20% of the world ’ s rare earth reserves.
Metals Investments
Economist Omar Haroun said that the Algerian official reports estimate the number of mineral materials exploited by 31 materials through 1,400 investors at the national level, while the contribution of this sector does not exceed 1% of the GDP, until the end of 2020.
He explained to Al Jazeera Net that the traditional geological map of Algeria consists of zinc, lead, barium, bentonite, dolomite and feldspar.
The expert pointed to President Tebboune's decision to launch two basic projects, namely: "Ghar Jbeilat" for iron ore, with an investment of currently $2 billion, for annual production of up to 20 million tons, and "phosphate mine" with $7 billion.
The Ministry of Mines estimates Algeria ’ s geological reserves of gold at 124 tons in the far south, while its production reached 6.8 tons from the beginning of mining exploitation of this mineral in 2001 until 2021, before the government began in recent months to open national and international tenders for exploitation licenses.
The World Gold Reserve Board ranked Algeria third in the Arab world and 26 globally in 2021, with its reserves at the Central Bank of Algeria amounting to 173.6 tons.
The expert stressed that the new challenge for Algeria today is the will to discover its wealth of rare earths, which studies have proven to have large reserves of them.
Professor of Economics at Yahya Fares University in Medea Governorate added that President Tebboune directed the government to intensify geological studies in the field, to determine the quantities, reservoirs and species that abound in Algeria accurately.
According to all reports – and the expert Omar Haroun – Algeria is now in the phase of exploratory study to estimate its real reserves of rare earth and geological mapping, likely to be “large and able to create significant added value for the Algerian economy. ”
"The strong desire of France and Russia to invest in Algeria in this field is a clear indication of its potential for rare metals," he said.
Planning for the use of rare earths
For his part, the expert in the industrial economy Ammar Toe said that the Algerian desert hoards 20% of the world ’ s rare earths, according to the French newspaper “l ’ Opinion ” published on 30 August 2022, based on the testimonies of researchers, and as announced by the Acting President of the Algerian-French Chamber of Commerce and Industry, a referral to the experts.
Ammar Toe, a former minister of several government sectors in Algeria, stressed that "Algerian territory is an area where the exploitation of its minerals has not yet been done, nor even the mapping of all its mineral wealth in general, and rare earths in particular."
He explained to Al Jazeera Net that the last work in this regard was since the important partial completion of the relevant survey works, by the late Belaid Abdel Salam, Minister of Energy and Mines under President Houari Boumediene during the years 1965-1978.
He said that the first data available from national and foreign means indicate that the Algerian south abounds with rare earth.
On the other hand, the industrial expert stressed that Algeria ’ s willingness to value all its potential wealth, especially in the field of rare earth, in light of its needs for financial resources, economic and geostrategic ambitions, and the growing global needs for these minerals; led Algeria to identify its potential and plan its uses inside and outside the country, manufacturing, domestic consumption and export.
Conditions of implementation
The expert revealed that President Tebboune directed the Minister of Industry and Mines during the Council of Ministers held in July 2020, to prepare the books of conditions; with the intention of exploiting rare earths in the country.
This is in line with the explicit mention of rare metals in the Algiers Declaration for Algerian-French Cooperation, which was signed following President Emmanuel Macron ’ s visit to Algeria at the end of August 2022, he said.
During the visit, the Algerian partners asked their French counterparts to submit proposals in the mineral field, which was confirmed by the head of the French employers, as an expression of their interest in the Algerian rare minerals, according to the French-language newspaper Al-Rai.
The same source pointed out that the rare earth file between Algeria and France was reviewed in July 2022, between the Algerian Minister of Energy and Mines and the French Minister of Economy at the time.
For her part, the head of the Commission of the European Union said that the needs of the continent of rare earths will double in size, and that geopolitical changes will push Europe to seek other sources to ensure its supply, and specifically to the Algerian rare earths, because the coverage currently comes from China, Russia and Ukraine, as he put it.
Ammar Tow predicted that this "will have a reflection on foreign direct investments from Europe, especially on Algeria, in proportion to the hoped for exchanges of rare Algerian earths towards Europe, after a long absence in this field by the Europeans."
He concluded by saying that “the relative revival of the gross domestic product of Algeria will undoubtedly benefit from new revenues, to reform some of its size and structure, to overcome, at least partially, these two great barriers, to achieve the decisive leap, in synergy with other elements towards a rising economy. ”
Source: The Island

Major sites are principally in the southwest and south, with advancing exploration elsewhere as receding ice creates new opportunities.

Extraction poses significant logistical, technical, and environmental challenges, intensified by regulatory frameworks that can swiftly modify feasibility.

Both traditional mining giants and new entrants are vying for access, while national and international bodies look to Greenland as a linchpin in future supply chains.

Potential investors should consider Greenland’s rare earth sector as high-opportunity but also high-risk, especially given prevailing regulatory, environmental, and operational uncertainties.