On June 10, Critical Metals agreed to acquire a controlling stake in a rare earth project in Greenland, amid growing concerns among the US and its allies about China's dominance in the supply of these critical minerals. China currently holds a near monopoly on many critical minerals, which JPMorgan has identified as a potential battleground with the US. On June 11, Norway discovered Europe's largest deposit of rare earth metals, which is seen as a significant step towards reducing Europe's dependency on Chinese supplies.
Australian Mines Limited finds #rare earth elements at its Resende lithium project in Minas Gerais, Brazil, it says. This adds to its findings of #tin, #tantalum and #lithium at the project
‛Norway discovers Europe’s largest deposit of rare earth metals’ — “The discovery of continental Europe’s largest rare earths deposit is considered a welcome boost in Europe’s bid to break China’s rare earths dominance. ” /via @CNBCi https://t.co/08aZPunxHj
Norway discovers Europe's largest deposit of rare earth metals https://t.co/WzPtPDH9Ik
China has a "near monopoly" on many critical minerals. JPMorgan says it could be the "next battleground" with the U.S. https://t.co/826heYbHbI
Critical Metals agreed to buy a controlling stake in a rare earth project in Greenland amid concern among the US and its allies about Chinese dominance of supplies of the minerals. https://t.co/UWf4yevPJj