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Showing posts with the label Rare Earth Elements

Buying Greenland: Trump’s Gaffe With a Point

President of the United States of America, Donald Trump, has entertained the idea of purchasing Greenland from it’s current owner Denmark. Both the Danish and the autonomic Greenland’s governments have promptly dismissed the idea. The spokesman of Greenland’s government stated that "Greenland is not for sale." But is that actually true? China has been heavily buying in to Greenland and its vast natural resources. The true quantity of the resources is only slowly getting revealed as the continental ice is melting due to the climate change. At Kvanefjeld Chinese companies are planning to begin mining both Uranium and rare earth elements, the production if which China is trying to monopolize. The Chinese companies are also investing in zinc and iron mines on the island. The Chinese investments in export commodities production in Africa have always been coupled with a complex scheme of co-operation. These deals connect the economic investments to infrastructure proje...