The US is set to begin large-scale oil, gas and mineral exploration in Greenland, yet Trump's statement did not mention rare earths, which a CSIS report identifies as the island's most coveted resource. Greenland ranks 8th globally in rare earth reserves, at about 1.5 million tonnes, and hosts two of the world's largest deposits, Kvanefjeld and Tanbreez. However, Greenland has banned exploration and mining of deposits with uranium above 100 ppm, which blocks Kvanefjeld (about 300 ppm), while Tanbreez is one of only two sites on the island licensed for official mining. Greenlandic officials have said that if Western partners do not bring investment, the island will choose other partners, including China.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Tại sao ông Trump chưa nhắc thẳng tới khoáng sản mà người Mỹ thèm khát bậc nhất ở Greenland?
Related news
- Michael Burry Flags ‘Bull Trap’ Risk, Holds Back On New Shorts — Why Trump’s Fannie-Freddie Call Matters To His Portfolio
Michael Burry warned that stocks at new highs could be a “bull trap,” but is holding back on adding shorts; about 10% of his portfolio is in puts, with most of the rest in longs and LEAPS. He has moved his Fannie Mae and Freddie Mac common shares into junior preferred stock, betting that a government resolution of Treasury’s roughly $388 billion senior preferred liquidation preference could lift returns four to five times from current levels. He expects a favorable resolution within two years, though he said the delay made him “antsy” given a deteriorating multifamily housing situation. FNMA and FMCC have fallen for seven straight weeks, down 68% and 69% year-to-date, respectively.
- Nearly 12,000 Virus Types Discovered at a Mineral Site Holding 27 Billion Tons of Polymetallic Nodules, Over 99% Never Recorded Before
Chinese scientists, publishing in Nature Communications, identified 11,742 virus types in 60 sediment samples from the Clarion-Clipperton zone, of which 11,662 (over 99%) had never been recorded before. The deep-sea area, by some estimates, holds over 27 billion tons of polymetallic nodules rich in nickel, cobalt and manganese, and the International Seabed Authority has granted 17 exploration contracts there, 5 of them held by Chinese organizations. The researchers said only about 4% of protein clusters from these viruses share common ground with existing data from the ocean, deep trenches and hydrothermal environments. The region’s heavy metal-rich but nutrient-poor conditions may have driven distinctive traits in these viruses, most of which belong to the class Caudoviricetes and generally pose no danger to humans. The team says deep-sea mining could alter the role of viruses in nutrient cycling, so its environmental impact may be more complex than simply changing the seafloor’s terrain.
- Critical Metals Rises 4% on Trump’s Greenland Mineral Exploration Plan; USA Rare Earth Declines 3%, MP Materials Slips 2%
Critical Metals (CRML) rose 4% to $6.80 in morning trading after President Donald Trump said large-scale oil, gas and mineral exploration is preparing to begin in Greenland, though he named no projects, operators or timetable. It is the only one of three closely followed U.S.-listed rare earth stocks with a project on the island, the Tanbreez project in southern Greenland, which the company says contains 19 critical elements and holds the only rare-earth exploitation permit there. Peers fell, with MP Materials down 2% to $41.71, USA Rare Earth down 3% to $10.95, and the VanEck Rare Earth and Strategic Metals ETF (REMX) down 1% to $56.96. The article notes Critical Metals is a development-stage company with no operating revenue and substantial going-concern doubt, and that the gain rests on a broad policy signal until a formal program names Tanbreez.
- Trump new press secretary out after less than week
White House press secretary Katie Zacharia was pushed out after less than a week in the job, Fox News and AFP reported. The 41-year-old’s debut briefing lasted under 15 minutes and included just three questions, and she faced criticism after describing herself as a lawyer despite failing the bar exam. President Donald Trump, 80, had told her to “reconsider” the role as his administration faces pressure ahead of the Nov 3 midterm elections, where polls predict heavy losses for Republicans. Zacharia also drew backlash for disparaging China, prompting a response from Chinese Foreign Ministry spokeswoman Mao Ning that she should “visit China more often.” She had replaced Karoline Leavitt, who helped reshape White House coverage of the press.
- Trump Bought Coinbase Stock in July and Sold Some of It on August 10. The Same Day, He Bought More Strategy. Here Is What Both Have Done Since.
Trump's ethics filings show he sold Coinbase Global shares and bought Strategy Inc. shares on August 10, 2026, with both trades in the $1,001 to $15,000 range, and an earlier filing showed he had bought both stocks in July. From the August 10 close to the October 9 close, Strategy's shares rose 58.6% while Coinbase's rose 20.7%, so the stock he bought outperformed the one he sold. The Form 278-T covering August lists 517 transactions reported as dollar ranges without execution prices, and it does not say who made the decisions. Coinbase, whose revenue depends on trading activity, is down 20.6% in 2026 and 53.6% over the past year. The article says the trades are too small to affect the prices of Coinbase, Strategy or Bitcoin.
Related markets
Latest news
- Winning over Vingroup and Sun Group with concrete and special materials: Vietnamese company's profit up 136%, chairman speaks out
Song Da Cao Cuong (SCL) reported Q3/2026 profit of VND 38 billion, up 136%, on net revenue of over VND 263 billion (up nearly 98%), while gross profit margin rose from about 36% to 41%. For the first nine months, revenue reached nearly VND 666 billion (up 81%) and after-tax profit nearly VND 94 billion, already exceeding more than 110% of its full-year profit target. Chairman Kieu Van Mat attributed the results to technology upgrades, production line optimization and capacity expansion, with several new plants expected to start operations by November 2026. The company said it spent more than two years testing its products before Vingroup accepted them; Vingroup's share of its business has fallen to about 25% as customers expanded to around 10 major groups and exports began to Laos, Cambodia and the Philippines. Over the past two years, the company has invested about VND 1,000 billion in factories and technology.
- Coteccons Chairman Bolat Duisenov reveals new direction: expanding home construction for individual customers
At the annual general meeting on October 20, Coteccons (HoSE: CTD) set fiscal 2027 targets of VND 42,000 billion in revenue and VND 1,050 billion in after-tax profit, and said it is considering expanding into residential construction for individual customers (B2C). In fiscal 2026, net revenue reached VND 34,340 billion (up 38%, 115% of plan) and after-tax profit VND 788 billion (up 73%); new contract wins totaled VND 60,307 billion and backlog was about VND 70,000 billion. In the first quarter of the new fiscal year, the company booked revenue of VND 11,270 billion and profit of VND 306 billion, but new contract value of VND 14,519 billion was lower than a year earlier; the company said it is tightening criteria for selecting clients and projects. Coteccons is also working with Microsoft, is expected to become a strategic partner of Workday, and targets raising its ROE from 10% to 15-18% by 2030.
- UPS Yields 6.7% After Firing Amazon. Here's Whether the Dividend Survives 2027.
UPS shares yield 6.7% as of October 16. The company has moved away from high-volume, low-margin Amazon deliveries and froze its dividend earlier this year, ending a 16-year streak of increases. The article says the payout will likely remain frozen through 2026 and 2027, citing competition from 10- and 30-year Treasury yields above 5% and other industrial dividend payers, but calls the dividend's safety questionable: UPS generated $5.47 billion in free cash flow in 2025, with $5.4 billion going to dividends, and free cash flow is projected to fall to $5.05 billion in 2026 and $5.01 billion in 2027, with the dividend absorbing about 98% of 2026 free cash flow. Rising competition and high fuel prices add pressure, and the article suggests investors may find more safety in the industrial sector.
- Asian shares mostly decline after AI stocks lead a rebound on Wall Street
Asian shares mostly fell in cautious trading on Tuesday after AI-related stocks rebounded on Wall Street, while other sectors stayed shaky and oil prices stayed high. Japan's Nikkei 225 slipped 0.6% to 64,512.35 in early trading, South Korea's Kospi dropped 2.8%, and Australia's S&P/ASX 200 lost 0.8%. On Wall Street, the S&P 500 rose 0.4% and the Nasdaq gained 1.1%, helped by Nvidia's 1.4% gain, while most stocks outside AI and tech fell and the Dow slipped 0.1%. The 10-year Treasury yield climbed to 5.14%, and U.S. crude rose to $103.50 a barrel and Brent to $109.47, as uncertainty about when the energy industry will return to normal after the war with Iran means oil is unlikely to ease soon.
- Asian shares mostly decline after AI stocks lead a rebound on Wall Street
Asian shares mostly fell in cautious trading Tuesday after AI-related stocks rebounded on Wall Street, while other sectors stayed shaky and oil prices remained high. Japan's Nikkei 225 slipped 0.6% to 64,512.35, Australia's S&P/ASX 200 lost 0.8% to 8,772.10, and South Korea's Kospi dropped 2.8% to 5,605.31. On Wall Street, the S&P 500 rose 0.4% and the Nasdaq rallied 1.1%, helped by Nvidia, while the Dow fell 0.1%. The 10-year Treasury yield climbed to 5.14%, and U.S. crude rose 0.15% to $103.50 a barrel as uncertainty over the war with Iran kept oil prices elevated.
- What Could X-Energy (XE) Gain From Its 960MW Indiana Nuclear Project?
X-Energy (NasdaqGS:XE), American Electric Power and Amazon agreed to assess a 960 MW advanced nuclear project in Indiana using Xe-100 reactors, on a former coal plant site. Under the joint development agreement, Amazon would provide development funding and commit to a long-term power purchase. The article says the deal offers commercial validation for X-Energy's reactor platform rather than immediate financial relief, as the company, with a $4.3b market cap, reported $150.28 million in revenue, a $448.87 million loss, and a 20.2x price-to-sales ratio. The next key milestone is whether the study reaches a final investment decision for the Sullivan County site.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.