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Inside the race for Greenland's mineral wealth

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80% Informative

Greenland is endowed with the world's eighth largest reserves of so-called rare earth elements.

It also has large amounts of other key metals, such as lithium and cobalt.

Currently there are just two active mines on the entire island.

Greenland is self-governing territory that is part of Denmark but controls its own natural resources.

Greenland is the world's largest island and 80% of it is covered by an ice sheet.

It has rugged mountains and no roads between settlements.

High costs, coupled with low global metal prices, have held back investors.

The territory's prime minister Mute Egede said earlier this month that "doors open in terms of mining".