Spooked by ‘friend’ America, Greenland offers its minerals to ‘like-minded’ Europe

Source Cryptopolitan

Greenland is pitching its minerals and energy in a bid to expand trade with the European Union beyond fisheries, a high-level visit to the Old Continent has revealed.

The overture comes in the wake of media revelations alleging that the United States is stepping up spying on the sparsely populated island, potentially opening another front of pressure on the Nordic territory.

Greenland lures ‘good partner’ EU with mineral wealth

Aiming to secure closer ties with Europe, the government of Greenland is now suggesting that the European Union could exploit its natural resources. Nuuk is approaching Brussels amid persistent encroaching attempts by Washington under President Donald Trump.

“We want to have more bilateral and direct cooperation with the EU,” Greenland’s Minister of Foreign Affairs Vivian Motzfeldt was quoted by Reuters as stating during a trip to the Belgian capital that included talks with senior European officials.

Motzfeldt wants this relationship to be more visible and highlights her country’s minerals as an area where the two sides can benefit from joint efforts.

“They get some fish from us, and on the other side we have a free market, we can export to the EU without any extra costs,” the diplomat noted in an interview with the European edition of Politico. And then stressed:

“But today, we want to expand our cooperation based on not only fisheries, we want to expand our cooperation on our critical minerals and energy.”

Greenland’s subsoil holds vast amounts of critical minerals, including rare earths. These include uranium and graphite among dozens of resources considered crucial to manufacturing and global supply chains, Politico pointed out in its article.

“That’s what Greenland has” and the world needs in terms of greener future and renewable energy, Motzfeldt elaborated. She views the mineral wealth as a basis for strengthening links with the European Union, with which the Danish autonomous territory is associated.

The foreign minister emphasized:

“Of course, we want to have cooperation with our critical minerals with our like-minded countries, and the EU is a good partner, we like them.”

On Thursday, the Greenlandic diplomat met with Kaja Kallas, the EU’s high representative for foreign affairs and security policy and vice president of the European Commission. She took the opportunity to invite members of the Union’s executive body to visit the island, insisting all commissioners are “more than welcome.”

Motzfeldt lambasts ‘supposed friend’ U.S. over reported spying

Greenland’s location on the map and its mineral riches, coveted by the Trump administration, have upped the geopolitical importance of the island. The latter is a self-governing entity that’s a constituent part of the Kingdom of Denmark, an EU member state.

Greenland was granted home rule in 1979 and opted to leave the European Economic Community (EEC), a predecessor of the EU, in a referendum held in 1985, but it enjoys a special status as one of the European Union’s Overseas Countries and Territories (OCT).

Since returning to the White House, Donald Trump has insisted that America’s taking ownership of the island is vital to U.S. and international security, highlighting rivalries with Russia and China in the Arctic as a key motive for his position.

A recent report by the Wall Street Journal, unveiling that U.S. intelligence agencies had been ordered to gather information on the island, indicated this episode in Greenland’s history isn’t over.

Commenting on the alleged spying, Motzfeldt stated:

“We’re supposed to be friends. We are allies. Allies don’t do such things. The situation is new to us, and new to the rest of the world, because you don’t do … that to your ally.”

Earlier this year, Trump refused to rule out using military force to establish control over Greenland. He also sent his eldest son and Vice President JD Vance to the island, moves seen as attempts to increase the pressure.

“It is a threat as soon as you start to talk about military occupation,” Vivian Motzfeldt was categorical. “Of course, they can come and visit us … and we have long wished to have more cooperation with the United States … But on a different rhetoric, on a reliable way,” the top diplomat insisted.

At the end of April, the U.S. signed a bilateral agreement with Kyiv that will give Washington access to Ukraine’s natural resources and allow America to participate in the war-torn country’s reconstruction. The “minerals deal” was fast-tracked through the Ukrainian parliament soon after.

KEY Difference Wire helps crypto brands break through and dominate headlines fast

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Gold price moves closer to three-week peak amid modest USD downtickGold price (XAU/USD) attracts some dip-buying during the Asian session on Tuesday and reverses a major part of the previous day's retracement slide from a nearly three-week high.
Author  FXStreet
22 hours ago
Gold price (XAU/USD) attracts some dip-buying during the Asian session on Tuesday and reverses a major part of the previous day's retracement slide from a nearly three-week high.
placeholder
S&P 500 hits a new all time of 6,300 for the first time everThe S&P 500 broke through 6,300 for the first time in history on Tuesday, as rising demand for crypto stocks and tech names sent U.S. markets higher across the board.
Author  Cryptopolitan
21 hours ago
The S&P 500 broke through 6,300 for the first time in history on Tuesday, as rising demand for crypto stocks and tech names sent U.S. markets higher across the board.
placeholder
Japan’s bond market is falling apart in real time after bond values crashJapan’s bond market is falling apart in real time. The 30-year Japanese bond yield jumped to 3.20%, a fresh record.
Author  Cryptopolitan
20 hours ago
Japan’s bond market is falling apart in real time. The 30-year Japanese bond yield jumped to 3.20%, a fresh record.
placeholder
EUR/USD sinks towards 1.1600 as US inflation rises and crushes Fed cut hopesThe EUR/USD fell some 0.55% on Tuesday after the latest US inflation report revealed that prices are edging higher, justifying the Federal Reserve's current policy stance.
Author  FXStreet
5 hours ago
The EUR/USD fell some 0.55% on Tuesday after the latest US inflation report revealed that prices are edging higher, justifying the Federal Reserve's current policy stance.
placeholder
Japanese Yen remains vulnerable near multi-month low against USDThe Japanese Yen (JPY) hit a fresh low since April against its American counterpart during the Asian session on Wednesday.
Author  FXStreet
2 hours ago
The Japanese Yen (JPY) hit a fresh low since April against its American counterpart during the Asian session on Wednesday.
goTop
quote