This project examines the challenges and opportunities of developing Greenland's rare earth element (REE) deposits, which are critical for modern societies and increasingly in demand due to the green energy transition.
Arctic shipping traffic is rising, making remote deposits more accessible. Data reveals a 120% increase in shipping around Greenland from 2014 to 2023, with a significant portion being cruise ships. This surge raises concerns about increased black carbon deposition and potential impacts on local ecosystems.
Interviews and research explain the practical difficulties of Arctic mining, such as lack of infrastructure, labor shortages and most importantly remoteness. The market remains dominated by the Chinese supply of rare earth elements, which discourages private investment in Greenlandic mining.
Despite these challenges, the analysis suggests that mining in Greenland is becoming increasingly probable. This is due to local changes in accessibility and government strategy, as well as global factors such as growing demand and the geopolitical need for a secure supply outside of China's influence.
By presenting data on mineral deposits, economic projections, and policy developments, this project offers a comprehensive overview of the complex tradeoffs involved in developing Greenland's mineral resources. It provides valuable insights into the ongoing debate about sustainable and strategic resource development in the Arctic.
