Finance
Greenland Needs US, EU Commitment to Buying Critical Minerals, Top Banker Says
Greenland is betting on its mining industry as key route to building a sustainable economy before breaking away from Denmark.
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Greenland needs purchase commitments from either the US or the European Union to unlock investments into critical minerals, according to the head of the island’s largest bank.
Greenland’s critical raw materials provide a “new opportunity” to bolster the territory’s economy, and a chance for western powers to wean off dependence on China for key resources, said Bank of Greenland chief executive officer, Martin Kviesgaard.