U.S. and Allies Eye Arctic for Critical Mineral Resources Amid Environmental Concerns
Several countries, including the United States, are increasingly looking to the Arctic as a potential source for critical minerals. This interest is driven by the need to counter China's dominance in the mineral market. The Arctic is believed to hold vast reserves of strategic materials such as rare earths, uranium, and other precious metals. However, the region's fragile environment poses significant challenges to mining activities. Climate change has made the Arctic more accessible, prompting countries like the U.S., Canada, Russia, Denmark, and Norway to assert their interests in the area. The U.S. has shown particular interest, with discussions about purchasing stakes in Greenland's mineral projects. Environmentalists express concern over the potential ecological impact of mining in this sensitive region.