Greenland Needs US, EU Commitment to Minerals, Top Banker Says

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.

Martin Kviesgaard

Photographer: Emil Nørgaard Stach/Grønlandsbanken

A recent increase in international interest in Greenland’s mineral wealth, including by US President Donald Trump and his administration, has yet to be translated into activity on the ground. In the latest overture, Usha ...