Beneath Greenland’s harsh and icy surface lie the world’s largest unexplored reserves of raw materials, as reported by the Wall Street Journal. These resources can be utilized in the production of various items, from smartphones to fighter jets. However, extracting these materials from the ground poses significant challenges.

Despite these obstacles, there has been a surge of interest from commodity companies with ties to the autonomous Danish territory, as the sparsely populated island has garnered global attention following statements made by Donald Trump. One such company, Amaroq Minerals, which operates in southern Greenland and is listed on the Canadian stock exchange, has seen its stock price rise by approximately 20% in the past month.

American company Critical Minerals acquired a mineral project on the island last summer that has the potential to yield rare earth metals, crucial components in “next-generation commercial products.” Since the beginning of January, the company’s stock has climbed by nearly 25%. Another mining company experiencing an upward trend is Greenland Resources, with a cumulative increase of over 35% since January 8th.

Investors are not only drawn to the prospecting opportunities on the island, which is covered by 75% ice. Grønlandsbanken, based in the capital city of Nuuk, with 97 shareholders on Avanza, has its stock listed on the Copenhagen Stock Exchange. The bank has seen a 10% increase in its stock price over the past month and boasts a market value of 1,440 mDKK with a P/E ratio of 6.4.

Donald Trump has expressed the belief that the United States needs Greenland for national security reasons. The island’s allure lies in its rare earth metals and other raw materials. Currently, the US relies heavily on China for certain critical materials, raising concerns that Beijing could potentially use this leverage as a weapon in a trade war.

In a hypothetical scenario, The Economist values the island at $50 billion. The question then arises – who would be the seller? According to the publication, the proceeds from a sale to the US would go to the inhabitants, given Greenland’s legal status. This could mean nearly a million dollars for each resident of this inhospitable place where fishing is the primary industry, providing a substantial starting capital for investment in the stock market.

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