© Reuters. Aerial view of the Kringlerne uncommon earth deposit, close to the city of Narsaq
By Eric Onstad
LONDON (Reuters) – The intelligence sharing alliance referred to as Five Eyes ought to forge ties with Greenland to spice up provides of important minerals and reduce dependence on China, a suppose tank mentioned on Thursday.
Greenland has big deposits of uncommon earths, a set of 17 minerals utilized in a myriad of purposes from electrical autos to defence items, a report by the London-based Polar Research and Policy Initiative mentioned.
China controls about 90% of the provision of uncommon earths.
The Five Eyes grouping of Australia, Britain, Canada, New Zealand and the United States, ought to increase its framework to incorporate “resource intelligence, technical collaboration, major project financing and supply chain integration for minerals and materials critically important to national and economic security”, the report mentioned.
It is pure for the Five Eyes to focus on Greenland for its mining and uncommon earth potential as a result of two thirds of the 41 licence holders in Greenland’s mining sector have been linked to Britain, Canada and Australia, the report added.
“Greenland’s vast critical minerals reserves and the sheer number of British, Canadian and Australian companies operating in Greenland make it a new frontier for Five Eyes,” mentioned the report, made out there to Reuters forward of its launch on Friday.
U.S. President Joe Biden’s administration mentioned final month it should evaluate key U.S. provides, together with uncommon earths, to make sure different nations can’t weaponise them towards the United States.
Two Australia-based mining corporations are racing for approval for mines in Greenland to dig into what the U.S. Geological Survey calls the world’s greatest undeveloped deposits of uncommon earth metals.
“The UK, Canada and Australia have remained relevant to Greenland over recent decades as home to some of the world’s leading clusters of energy and mining expertise,” the report mentioned.
The head of the suppose tank, Dwayne Menezes, can also be the director of the secretariat of Britain’s all-party parliamentary group for Greenland.
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