US successfully lobbied Tanbreez not to sell to China, signaling positive growth for US rare earths market.

From Investing.com: 2025-01-09 16:15:47

U.S. and Danish officials urged Greenland’s rare earths project not to sell to Chinese-linked firms, emphasizing the importance of the minerals to high-tech industries. Tanbreez CEO Greg Barnes sold the project to Critical Metals, citing pressure not to sell to China. U.S. officials are showing interest in Greenland’s mineral potential.

Tanbreez’s sale to Critical Metals signals U.S. officials’ success in Greenland, where they aim to offset China’s dominance in rare earths. The project, while significant, faces challenges in reaching commercial production. Greenland welcomes U.S. investment amidst stalled projects and legal disputes involving Chinese interests.

Donald Trump’s interest in acquiring Greenland has brought attention to the region’s mineral potential. Critical Metals applied for funding from the U.S. Department of Defense to build a rare earths processing facility. Discussions with U.S. officials are expected to resume post-Trump’s inauguration, with potential supply agreements with defense contractors.



Read more at Investing.com: Exclusive-US lobbied Greenland rare earths developer Tanbreez not to sell to China By Reuters