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Five Eyes alliance urged to forge ties with Greenland to secure minerals

Thu 4th March, 2021 6:00am
By Eric Onstad
    LONDON, March 4 (Reuters) - The intelligence sharing
alliance known as Five Eyes should forge ties with Greenland to
boost supplies of critical minerals and cut dependence on China,
a think tank said on Thursday. 
    Greenland has huge deposits of rare earths, a set of 17
minerals used in a myriad of applications from electric vehicles
to defence goods, a report by the London-based Polar Research
and Policy Initiative https://polarconnection.org said. 
    China controls about 90% of the supply of rare earths.
    The Five Eyes grouping of Australia, Britain, Canada, New
Zealand and the United States, should expand its framework to
include "resource intelligence, technical collaboration, major
project financing and supply chain integration for minerals and
materials critically important to national and economic
security", the report said.
    It is natural for the Five Eyes to target Greenland for its
mining and rare earth potential because two thirds of the 41
licence holders in Greenland's mining sector were linked to
Britain, Canada and Australia, the report added.
    "Greenland’s vast critical minerals reserves and the sheer
number of British, Canadian and Australian companies operating
in Greenland make it a new frontier for Five Eyes," said the
report, made available to Reuters ahead of its release on
Friday.
    U.S. President Joe Biden's administration said last month it
will review key U.S. supplies, including rare earths, to ensure
other countries cannot weaponise them against the United States.
 urn:newsml:reuters.com:*:nL1N2KO2CV
    Two Australia-based mining companies are racing for approval
for mines in Greenland to dig into what the U.S. Geological
Survey calls the world's biggest undeveloped deposits of rare
earth metals. urn:newsml:reuters.com:*:nL2N2KZ0OA
    "The UK, Canada and Australia have remained relevant to
Greenland over recent decades as home to some of the world’s
leading clusters of energy and mining expertise," the report
said.
    The head of the think tank, Dwayne Menezes, is also the
director of the secretariat of Britain's all-party parliamentary
group for Greenland.

 (Reporting by Eric Onstad;Editing by Elaine Hardcastle)
 ((eric.onstad@thomsonreuters.com; +44 20 7542 7093; Twitter https://twitter.com/reutersEricO;
 Reuters Messaging: eric.onstad.thomsonreuters.com@reuters.net))
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