A protester holds an indication studying ‘We aren’t on the market’ in entrance of the US consulate throughout an illustration, beneath the slogan ‘Greenland belongs to the Greenlandic individuals’, in Nuuk, Greenland, on March 15, 2025.
Christian Klindt Soelbeck | Afp | Getty Photos
U.S. President Donald Trump’s ambitions round Greenland are quickly gaining concrete type — that’s, evolving from rhetoric into motion.
Mining firm Amaroq informed CNBC the White Home has been having discussions with the agency over investing in its mining tasks in Greenland. If it is a purely enterprise transaction, that may not be unwelcome: Aaja Chemnitz, the member of parliament representing Greenland within the Danish Parliament, and chair of the Greenland Committee, informed CNBC that the island is “open for enterprise.”
Being open for enterprise, nevertheless, doesn’t imply welcoming a takeover bid. “It has been fairly clear from the start that Greenland just isn’t on the market and by no means will likely be,” Chemnitz mentioned.
However that may very well be on the agenda for U.S. Secretary of State Marco Rubio’s deliberate assembly with Danish authorities subsequent week. Whereas the assembly was initiated by Denmark’s overseas minister, Lokke Rasmussen, and his Greenlandic counterpart, Vivian Motzfeldt, Rubio will likely be trying to focus on how the U.S. can acquire the Arctic island.
Within the very hypothetical state of affairs — let’s name it a thought experiment — that the U.S. buys Greenland, the island could be valued at nearly $2.8 trillion, in accordance with a center-right U.S. assume tank, although different events put that determine decrease.
Rubio can even must navigate thorny points, resembling coping with Greenlander’s want for independence and Europe’s response. As for different international powers, whereas Russia is conspicuously quiet — most likely as a result of it’s extra focused on seeing any division in NATO over this affair — China is keenly watching developments, having described itself as a “near-Arctic state” in 2018. Any transaction — or operation — on this scale could have international repercussions.
