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Stock impact report

Greenland's rare earths a challenge to extract due to harsh environment, lack of mining infrastructure [Globe and Mail, The (Toronto, Canada)]

MP Materials Corp. (MP) 
Trump has prioritized breaking China's stranglehold on the global supply of rare earths ever since the world's number two economy sharply restricted who could buy them after the United States imposed widespread tariffs last spring. The Trump administration has invested hundreds of millions of dollars and even taken stakes in several companies. Now the president is again pitching the idea that wresting control of Greenland away from Denmark could solve the problem. Greenland, Denmark envoys urge Trump administration to drop takeover threats Rubio to meet officials as U.S. won't rule out military invasion in Greenland But Greenland may not be able to produce rare earths for years – if ever. Some companies are trying anyway, but their efforts to unearth some of the 1.5 million tons of rare earths encased in rock in Greenland generally haven't advanced beyond the exploratory stage. Trump's fascination with the island nation may be more about countering Russian and Chinese influence Show less Read more
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