On March 15, 2025, protesters march toward the U.S. Consulate General in Nuuk, Greenland, with the slogan “Greenland belongs to the Greenlanders.”
Christian Clint Zelbeck | AFP | Getty Images
US President Donald Trump’s ambitions for Greenland are rapidly taking shape – evolving from rhetoric to action.
Mining company Amarok told CNBC that the White House is in talks with it about investing in a mining project in Greenland. If it is a purely business transaction, it may not be unwelcome. Arja Chemnitz, the lawmaker representing Greenland in Denmark’s parliament and chair of the Greenland Commission, told CNBC that the island is “open for business.”
However, just because we remain open does not mean we welcome takeover proposals. “It was clear from the beginning that Greenland is not and never will be for sale,” Chemnitz said.
But it could be a topic of discussion in U.S. Secretary of State Marco Rubio’s talks with Danish officials next week. The talks were initiated by Denmark’s Foreign Minister Loke Rasmussen and Greenland’s Foreign Minister Vivian Motzfeldt, with Rubio seeking to discuss how the United States could acquire the Arctic island.
According to a center-right US think tank, in a highly hypothetical scenario (let’s call it a thought experiment) in which the US buys Greenland, the island would be worth nearly $2.8 trillion, but other political parties are underestimating that number.
Mr. Rubio will also have to deal with difficult issues, including Greenlanders’ desire for independence and Europe’s response. While Russia has been conspicuously silent when it comes to other world powers, perhaps because it wants NATO to split on the issue, China, which in 2018 described itself as a “near-Arctic nation,” is closely watching developments. Any deal or operation of this scale would have global implications.
What you need to know today
The US is considering investing in a mining project in Greenland. Amarok, which operates on the island, said the White House is talking to it about investing in projects that mine or explore for gold, gallium and other important mineral deposits.
The Trump administration is rushing to formulate a plan to take over Greenland. US Secretary of State Marco Rubio is scheduled to meet with Danish officials next week to discuss the situation. Here are four key issues surrounding this conference.
China’s inflation accelerates in December. The country’s consumer price index rose 0.8% year-on-year, in line with forecasts in a Reuters poll of economists. This is the highest level since February 2023, but the inflation rate remained flat for all of 2025.
Discrepancies between US indices. of Dow Jones Industrial Average It rose on Thursday, but Nasdaq Composite Stock prices have fallen as investors have left the technology industry. Asia-Pacific markets were mostly up on Friday. australian rio tinto The worst day since 2022 with the news that they have entered into takeover negotiations glencore. Meanwhile, defense stocks in Asia generally rose.
(PRO) Bets on Venezuelan bonds pay off. Lee Robinson, founder and chief investment officer of distressed debt investment firm Altana Wealth, made a 30% return on Venezuelan government bonds after the U.S. attack on Venezuela. Mr Robinson said there were “signs of further upside”.
And finally…
President Trump is desperate to get his hands on Greenland. Is NATO able and willing to protect itself?
Europe spent most of 2025 beefing up its defenses against Russia, but just one week into the new year, it is being forced to rethink its security again following US President Donald Trump’s threat to annex Greenland.
On Monday, Danish Prime Minister Mette Frederiksen warned that the US occupation of Greenland would mean the end of NATO. Of the 32 NATO members, 23 of them, including Denmark, are also members of the European Union, and have made extensive efforts to ensure that the Trump administration continues to support Ukraine.
— Chloe Taylor
