Greenland Considers Chinese Investment
(MENAFN) Greenland is contemplating the option of welcoming Chinese investment to advance its mining industry due to strained relations with the United States and limited collaboration with the European Union, according to Naaja Nathanielsen, the island’s minister for business and mineral resources, who shared this with a news agency on Tuesday.
As a self-governing territory under Denmark, Greenland possesses abundant yet challenging-to-extract mineral reserves such as gold and copper.
Attracting foreign capital is crucial for unlocking these resources; however, recent geopolitical frictions have complicated efforts to establish dependable international partnerships.
“We are trying to figure out what the new world order looks like,” Nathanielsen remarked, emphasizing that Greenland is “having a difficult time finding [its] footing” amid shifting dynamics with its Western allies.
During Donald Trump’s initial presidency, the Arctic island signed a memorandum of understanding with the US focused on mineral development. Nathanielsen noted that this agreement is now nearing its conclusion.
The government in Nuuk attempted to renew the deal during Joe Biden’s administration but was unsuccessful.
When Trump resumed office in January, Greenland anticipated reviving talks to extend the memorandum.
Instead, the US president raised the prospect of purchasing the island and declined to dismiss the possibility of employing military force to assert US sovereignty over Greenland.
As a self-governing territory under Denmark, Greenland possesses abundant yet challenging-to-extract mineral reserves such as gold and copper.
Attracting foreign capital is crucial for unlocking these resources; however, recent geopolitical frictions have complicated efforts to establish dependable international partnerships.
“We are trying to figure out what the new world order looks like,” Nathanielsen remarked, emphasizing that Greenland is “having a difficult time finding [its] footing” amid shifting dynamics with its Western allies.
During Donald Trump’s initial presidency, the Arctic island signed a memorandum of understanding with the US focused on mineral development. Nathanielsen noted that this agreement is now nearing its conclusion.
The government in Nuuk attempted to renew the deal during Joe Biden’s administration but was unsuccessful.
When Trump resumed office in January, Greenland anticipated reviving talks to extend the memorandum.
Instead, the US president raised the prospect of purchasing the island and declined to dismiss the possibility of employing military force to assert US sovereignty over Greenland.

Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research

- Global Plant-Based Meat Market Report 2025: Size Projected USD 100.31 Billion, CAGR Of 21.92% By 2033.
- With Seal, Walrus Becomes The First Decentralized Data Platform With Access Controls
- Blackrock Becomes The Second-Largest Shareholder Of Freedom Holding Corp.
- United States Jewelry Market Forecast On Growth & Demand Drivers 20252033
- Origin Summit Debuts In Seoul During KBW As Flagship Gathering On IP, AI, And The Next Era Of Blockchain-Enabled Real-World Assets
- Brazil Edtech Market Size, Share, Trends, And Forecast 2025-2033
Comments
No comment