Trump is fixated on Greenland — a vast Arctic island with massive resource potential

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Trump is fixated on Greenland — a vast Arctic island with massive resource potential
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Mining executives and researchers describe the island's massive resource potential as an 'enormous opportunity.'

U.S. President-elect Donald Trump 's years-long bid to take control of the world's largest island has kicked into overdrive in recent weeks.

"This is about reintroducing America in the Western Hemisphere," Waltz said. "You can call it Monroe Doctrine 2.0, but this is all part of the ' "Overall, we can say that there is a huge potential for critical raw materials ," Keiding told CNBC via telephone. Chemnitz said Greenlandic lawmakers would need to have "clear and very specific goals on how to collaborate with the U.S."Closer ties between Greenland and the U.S. moving forward, for instance, could help to facilitate investment in the island's mining industry, she added.

"I think that what we're seeing in Greenland is really a race for what's left," McIllree told CNBC via video call. Underlining the resource potential in the territory, McIllree said the firm's Disko project could be one of the largest occurrences of nickel and copper on the planet.

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