Greenland faces one of history’s great resource rushes—and curses
The territory sits on an astounding number of critical minerals
A billion years ago, as one tectonic plate ripped apart from another, two chambers of magma were sealed off beneath what would later become Greenland. As thousands of years passed, the magma cooled, each layer crystallising under rarefied conditions. Today the Ilimaussaq intrusion is a giant fold of rock beneath Gardar, in south-west Greenland. By a stroke of luck, it is home to 30 of the world’s most desired raw materials.
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This article appeared in the Finance & economics section of the print edition under the headline “Sitting on a critical-mineral mine”
Finance & economics November 2nd 2024
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From the November 2nd 2024 edition
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