Greenland-linked stocks jump amid Trump takeover threats
Financial Times••world
Key Points:
- Greenland-linked stocks have surged following President Donald Trump's repeated statements about the US needing to "have" Greenland, driving a wave of interest in companies tied to the island's economy.
- Shares in Grønlandsbanken, Greenland’s largest bank, jumped 33% this week, while US-listed Critical Metals, focused on rare metals mining in Greenland, has gained 108% this year.
- Analysts suggest the rally resembles a meme stock surge driven by retail investors reacting to headlines, although some see potential logic if a US takeover boosts Greenland’s local economy.
- The Trump administration’s threats to acquire Greenland have caused diplomatic tensions with Denmark and the EU, raising concerns about the impact on Western alliances.
- Separately, retail investors have also
