Which stocks or industries might be impacted by US lobbying Greenland rare earths developer Tanbreez not to sell to China?
1/10/2025 02:02pm
The US lobbying of Greenland's rare earths developer Tanbreez not to sell to China could impact several stocks and industries:
1. **Critical Metals and Rare Earths Sector Stocks**: Companies involved in the critical metals and rare earths sector, such as Critical Metals, may benefit from this development as they gain control over Greenland's rare earths resources. This could positively impact their stock prices as they secure a strategic resource.
2. **Defense and High-Tech Industries**: Rare earths are essential for high-tech industries, including defense. The US efforts to secure control over Greenland's rare earths could strengthen its domestic supply chain for defense technologies, potentially benefiting companies in the defense industry.
3. **Electric Vehicle and Renewable Energy Sectors**: Rare earths are also critical for electric vehicles and renewable energy technologies. With the US securing a larger share of Greenland's rare earths, it could bolster its domestic capabilities in these sectors, potentially benefiting companies involved in these industries.
4. **Mining and Resource Sector Stocks**: Companies involved in mining and resource extraction could be impacted, both positively and negatively. While the US interest in Greenland's rare earths could create opportunities for US-based mining companies, it could also limit access to this resource for non-US companies.
In conclusion, the US lobbying of Greenland's rare earths developer Tanbreez not to sell to China is likely to have a ripple effect across various industries, particularly those reliant on rare earths. It could lead to increased activity and investment in the critical metals and rare earths sector, as well as potential benefits for defense, electric vehicle, and renewable energy industries. However, it may also create challenges and limitations for non-US companies seeking access to Greenland's rare earths resources.