The Danish government has announced a huge boost in defence spending for Greenland, hours after US President-elect Donald Trump repeated his desire to purchase the Arctic territory. Danish Defence Minister Troels Lund Poulsen said the package was a “double digit billion amount” in krone, or at least $1.5bn (£1.2bn). He described the timing of the announcement as an “irony of fate”. On Monday Trump said ownership and control of the huge island was an “absolute necessity” for the US. Greenland, an autonomous Danish territory, is home to a large US space facility and is strategically important for the US, lying on its shortest route to Europe. It has major mineral and oil reserves.
It’s about natural resources. With increasing global warming ice will melt away and make it easier to access resources. There are promising raw material deposits like uranium or rare earth materials that would be accessible outside China or Russia.