Rare Earth Find in Greenland Threatens China’s Chip Dominance
SMRTR summary
Critical Metals Corp. discovered high concentrations of gallium and rare earth elements in Greenland, potentially reducing Western dependence on China for these crucial semiconductor materials. The Tanbreez Project contains gallium levels of 80-140 ppm along with neodymium and praseodymium, vital for electric vehicles and renewable energy technology. This discovery could reshape supply chains as China currently controls 69% of global rare earth production.
SMRTR provides this summary for quick context. The original article belongs to PYMNTS.
Read the original article