Greenland Holds Promise of Rare Earths

Greenland, a self-governing territory of Denmark, is being eyed by the United States as a source of rare earths that could reduce reliance on China. It has the world's eighth largest store of rare earths. It also has supplies of key energy transition metals like lithium and cobalt. While Greenland has oil and gas deposits, new drilling for these resources is banned. Three quarters of the land is covered by ice sheet.

Three Way Merger of China's Commodities Rare Earth Producers

Minmetals Rare Earth, Chinalco Rare Earths and Metals Co and China Southern Rare Earth Group Co are merging with the approval of the state regulator, Sasac (State-owned assets Supervision and Administration Commission). Analysts have noted pricing power of rare earths such as dysprosium and terbium (whose prices are up 50% in 2021 and are key inputs into rare earth magnets), will be concentrated in the new rare earths "super group", second only to China Northern Rare Earth Group.