Global REE demand projected to grow 5-10% annually through 2035, driven by EV motor manufacturing, wind turbine deployment, and defense applications. Greenland's Kvanefjeld and other deposits represent one of the few non-Chinese sources capable of meeting this demand at scale.
| Element | Symbol | Trend | Outlook |
|---|---|---|---|
| Neodymium Oxide | Nd₂O₃ | +3.2% | Strong |
| Dysprosium Oxide | Dy₂O₃ | +1.8% | Strong |
Gold prices remain elevated amid geopolitical uncertainty. Platinum group metals benefit from hydrogen economy growth and catalytic converter demand. Greenland's Skaergaard and Nalunaq projects position it as a future contributor.
Lithium, cobalt, graphite, and nickel demand set to triple by 2030 as EV adoption accelerates globally. Greenland's emerging deposits offer diversification away from concentrated supply chains in DRC, Australia, and China.
Copper, zinc, titanium, and chromium underpin industrial manufacturing and infrastructure buildout. As global electrification expands, demand continues to outpace new mine supply.
REE demand growth projected 5-10% annually through 2035
EV + defense driven demand surge
Structural supply deficit widening across critical minerals
Existing mines depleting, new permits taking 10+ years
60% single-country supply concentration risk
Western diversification urgent
Battery metal demand set to triple by 2030
Lithium, cobalt, graphite acceleration
Gold prices elevated amid geopolitical uncertainty
Safe haven demand persistent
Emerging Arctic shipping corridor expanding seasonally
Northern Sea Route access growing
Greenland resource intensity by commodity
Greenland's mineral resources — one of the most significant untapped opportunities in the world.