Greenland’s Hidden Wealth: A Resource Bonanza Beneath Greenland's icy surface lies a jackpot of natural resources critical to the 21st-century economy. The island boasts up to 110 billion barrels of oil in its waters, a figure that would make any oil-dependent superpower salivate. For context, that’s enough to fuel U.S. consumption for nearly 15 years. Rare earth elements, critical for everything from smartphones to electric vehicles, add to Greenland’s appeal. With 38 million tons of deposits, it holds one of the world’s largest undeveloped reserves outside of China. China, ever the resource predator, already has a foothold in Greenland through Shenghe Resources, which backs major mining operations. If Beijing gains further access, it could tighten its already vice-like grip on…
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