GREENLAND & GEOPOLITICS
The Missiles Are Gone. The Minerals Are Not.
In 1960 the U.S. Army carved a city under the Greenland ice sheet. Camp Century sat 800 miles from the North Pole. It had a nuclear reactor, a barbershop, and a chapel. Officially it was a research station.
Secretly it was the front door to Project Iceworm — a plan to hide 600 nuclear missiles in 52,000 square miles of tunnels beneath the ice.
The ice shifted. The tunnels warped. The Army abandoned Camp Century in 1967 and left it to freeze over. For decades that was the end of the story.
Then the ice started melting. And what sits beneath Greenland turned out to be worth more than what the Pentagon once tried to bury under it.
On September 18, President Trump announced a security deal with Denmark and Greenland. The deal bars non-NATO countries from building military bases on the island and restricts adversaries like China and Russia from sensitive sectors including mining. It is expected to be signed during the UN General Assembly this week.
During the Cold War the U.S. ran 17 military bases and stationed more than 10,000 troops in Greenland. Today only Pituffik Space Base remains, with about 150 personnel. The new pact reopens the door.
The market response was instant. Greenland Mines, which owns the Skaergaard gold-platinum deposit and just applied to expand its Sarfartoq rare earth land to 454 square km, surged 230.5% on Monday. Critical Metals, which holds the Tanbreez rare earth permit in southern Greenland, jumped 38%. USA Rare Earth climbed 9%. The broader REMX rare earth ETF barely moved — up 1.5% — which tells you the rally was about Greenland specifically, not rare earths generally.
But Rare Earth Exchanges published a cold-water analysis alongside the rally. Their point is simple: Greenland has enormous deposits. It does not have ports, roads, power, processing plants, or a workforce.
The Tanbreez deposit sits in eudialyte rock that nobody has refined at commercial scale outside a lab. A security guarantee can attract capital. It cannot replace proven science and working plants. As REEx put it, the geology is real but the economics are not proven yet.
Still, the timing matters. The deal dropped the same week Xi Jinping landed in Washington for a three-day state visit with rare earths on the agenda. Last night, eight of America's most powerful executives sat at a White House state dinner. Musk, Bezos, Cook, Altman, Huang, Pichai, Dell, and Dimon — across the table from the leader of the country that refines 90% of the world's rare earths.
Sixty years ago the U.S. tried to control Greenland by hiding missiles under the ice. Now it is trying to control it by writing a security check. The resource underneath is different. The logic is the same.
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| Source: Strategic Metals Invest · Updated Sep 18, 2026 · USD/kg |
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SPONSORED
The 1992 Coffee Investment That Became a 400X Story
In 1992, Starbucks went public at a split-adjusted price of about $0.27.
Today it trades above $108.
That's a gain of roughly 40,000%.
$100 would have turned into $40,000. A $1,000 stake, almost half a million dollars.
Miss 1992 and you missed it. There's no going back for it.
So the better question is where the next one comes from.
The global coffee market is projected to reach approximately $380 billion by 2033. And the next big name in it may not be built on cafes at all.
It may start at the farm.
Green Coffee Company owns approximately 45 Colombian farms and 10 million coffee trees. It also holds exclusive third-party rights to Juan Valdez® coffee products across U.S. and Canadian retail and institutional channels.
Those products are already in Target, Walgreens and thousands of North American retail locations.
The company is still private. Everyday investors can buy in right now, no accreditation required.
*Disclaimer: This is a paid advertisement for Green Coffee Company's Regulation A offering. Please read the offering circular at https://invest.greencoffeecompany.com/. Timelines are subject to change. Listing on the NASDAQ is contingent upon necessary approvals, and reserving a ticker symbol does not guarantee a company's public listing.
Under Regulation A, a company may change its share price by up to 20% without requalifying the offering with the Securities and Exchange Commission.
ALSO THIS WEEK
MAGNETS
Neo Ships First Commercial Magnets From Estonia
Neo Performance Materials began commercial production at its permanent magnet plant in Estonia and shipped its first sintered rare earth magnets to a Tier 1 EV motor customer. That makes it the first European-made, non-Chinese rare earth magnet to reach a car factory floor. The company says two to three more customer programs will enter production before year-end, covering traction motors and accessories. Automotive magnet contracts run for the life of the vehicle platform, locking in years of volume. Neo is also in active talks with buyers across robotics, industrial motors, and clean energy.
SUPPLY CHAIN
Lifton Maps Every Metal Plant Outside China. The List Is Short.
Jack Lifton published a full audit of every facility outside China that turns rare earth oxide into metal or alloy. The operating list is short — Japan, South Korea, Britain, Fort Worth, and one alloy-powder plant in Thailand. That covers Santoku, Shin-Etsu, the Ochang plant (now Energy Fuels), Less Common Metals, and MP Materials.
Many of the bigger numbers people cite — France, South Carolina, the Ochang expansion — are future plans, not capacity that runs today. A mine is not a metal plant. A magnet factory does not prove metal is being made at that site. The IEA agrees: metals and alloys are the tightest link in the non-Chinese supply chain.
PRICES
NdPr Rises While Heavy Rare Earths Stay Flat
Shanghai Metals Market reported a split in the rare earth market on Monday. NdPr oxide rose 5,000 yuan per metric ton and NdPr alloy rose 7,500, marking a second straight day of gains. Metal producers are holding firm on prices as costs rise.
But dysprosium, gadolinium, and holmium were all flat. Terbium oxide actually fell 40,000 yuan per metric ton. Buyers are stocking up on light rare earths ahead of the November 10 truce deadline while heavy rare earth trading stays thin and cautious.
That divergence tells you the market sees different risks for each end of the periodic table. On Strategic Metals Invest, dysprosium is still up 105% for the year at $930.70 per kilogram, while terbium sits at $4,028.50, up 103%.
SPONSORED
7 presidents. One date on the calendar.
Seven times since 1933, the gold market has come within days of breaking.
Roosevelt. Johnson. Nixon. Carter. Bush. Obama. Trump.
Every one was in office when it happened.
And every break landed on the same kind of date. The day paper holders can demand the actual metal.
Roosevelt repriced gold overnight. Nixon shut the gold window. In 2020 they invented a new contract on the fly.
The next of those dates is September 30th.
I've found the company I want to own before it arrives.
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AROUND THE MARKET
Arafura Extends Wind Turbine Offtake to 500 Tonnes Per Year
Arafura Rare Earths extended a binding offtake deal with a major wind turbine maker. The agreement covers up to 500 tonnes per year of NdPr oxide, tied to the development timeline for its Nolans project in Australia. Pricing will track seaborne indexes. Arafura now has over 1,000 tonnes per year of NdPr locked in across multiple buyers.
Defense Contractors Push to Delay January 1 Magnet Ban
Some U.S. defense contractors are lobbying to delay the DFARS rule that takes effect January 1, 2027. The new version bans any rare earth magnet where mining, refining, or fabrication occurred in China, Russia, Iran, or North Korea. Today's rule only covers where the material was melted. The expanded version covers the full supply chain, and non-Chinese sources cover less than 20% of projected demand.
Greenland Mines Applies to Expand Sarfartoq Land to 454 Square Kilometers
Greenland Mines applied to expand its Sarfartoq rare earth district in western Greenland by 262 square km, aiming to bring its total connected footprint to 454 square km. The expansion follows geological work showing potential for additional deposits east of the main Sarfartoq resource, which carries a high-case NPV of $2.05 billion. The stock surged 230.5% on the news.
Rare Earth Recycling Market Projected to Hit $1.15 Billion by 2035
A new DataM report projects the global rare earth recycling market will reach $1.15 billion by 2035, growing at a 6.98% CAGR. The report cites rising EV magnet scrap volumes and U.S. investment in domestic recovery as the main drivers. Each high-performance EV motor contains 1 to 3 kilograms of recoverable rare earth magnet material.
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