CNBC Daily Open: U.S. moves over Greenland are heating up quickly
CNBC••world
Key Points:
- The U.S. is moving from rhetoric to action regarding Greenland, with the White House discussing potential investments in mining projects on the island through the company Amaroq, which extracts critical minerals like gold and gallium.
- Greenlandic officials emphasize that while the island is open for business, it is not for sale, though U.S. Secretary of State Marco Rubio plans to discuss the possibility of acquiring Greenland in upcoming talks with Danish authorities.
- The hypothetical valuation of Greenland is estimated at nearly $2.8 trillion by a U.S. think tank, but any U.S. acquisition would involve complex issues including Greenland's independence aspirations and geopolitical reactions from Europe, Russia, and China.
- Separately, the U.S. Senate passed a War Powers
