RE: EU and USA will be fighting over GROC resources25 Mar 2025 08:18
Breaking China's Monopoly on GRAPHITE....... Wake up Market and Investors
Breaking China’s monopoly
Extracting Greenland’s minerals is about more than profit; it is about resource control. Western governments are eager to break China’s dominance of the global market for rare earths and other minerals, which it could wield as a weapon in a trade war.
China produces roughly 60% of the world’s mined rare-earth minerals, and has tightened its grip on the entire supply chain. Beijing controls 91% of refining activity and 94% of production of magnets, the main product rare earths are used for. This dominance allows Beijing to keep prices low, making it harder to profit from Greenland’s rare earths.
“Greenland is host to some of the largest rare-earth resources known to exist globally, which have potential to supply virtually all the foreseeable needs of North America and Europe for decades to come,” said Ryan Castilloux, managing director of Adamas Intelligence, a consulting firm that advises on strategic metals and minerals. “It offers a real strategic upside for not just Europe, but the entire industry outside of China.”