off-the-wire

Japan to send delegation to Greenland to evaluate rare earth extraction, Nikkei says

Kitco Media
By Reuters
Published:
Updated:
Reuters
Japan to send delegation to Greenland to evaluate rare earth extraction, Nikkei says teaser image

Japan is preparing to send a delegation to Greenland this summer to evaluate possible rare earth extraction, the Nikkei newswire reported on Sunday.

The visit would include officials from the Ministry of Economy, Trade and Industry, trading companies and the Japan Organization for Metals and Energy Security, which would hold talks with local government officials, Nikkei added.

The Arctic island of Greenland, an autonomous territory of the Danish kingdom, has been in the spotlight lately. The White House in January said US President Donald Trump was considering how to acquire the island, ‌setting off alarm bells among NATO allies in Europe. Talks have since been moved to a diplomatic track.

Greenland is of interest because of its strategic location and potentially rich rare earth reserves.

(By Jekaterīna Golubkova; Editing by Thomas Derpinghaus)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.