Canada backs mineral project in Greenland

The Canadian government announced a financial grant of 7 million Canadian dollars for a molybdenum mining project on Greenland, aimed at developing the Malmberg Mine. Molybdenum is considered a strategic and vital metal for the aerospace, space, energy, and defense sectors, and is listed as a critical mineral by the European Union and the United States. This Canadian initiative comes as part of efforts to secure supply chains, following China's control of approximately 40% of global molybdenum production and its restrictions on exports. It also reflects the increasing Western interest in Arctic natural resources and efforts to reduce dependence on China.

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