Greenland

U.S. Global Investors CEO and Chief Investment Officer Frank Holmes recently had the chance to interview Jonathan Roth, founder of ResourceWars.com and a veteran of capital markets, who highlighted an increasingly urgent issue: the Arctic.

As polar ice caps melt, new opportunities—and risks—are emerging in this increasingly contested region that we believe investors should be aware of. Nations like the U.S., Russia and China are jockeying for influence, not only to access the Arctic’s vast natural resources but also to secure strategic military and trading advantages.

Greenland, in particular, is shaping up to be a geopolitical hotspot, and it’s no wonder that President Donald Trump has repeated his interest in acquiring the island.

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If shipping boss Niels Clemensen were to offer any advice to Donald Trump or anyone else trying to get a foothold in Greenland, it would be this: “Come up here and see what you are actually dealing with.”

Sitting on the top floor of his beamed office in Nuuk harbour, where snow is being flung around by strong winds in the mid-morning darkness outside and shards of ice pass by in the fast-flowing water, the chief executive of Greenland’s only shipping company, Royal Arctic Line, says: “What you normally see as easy [setting up operations] in the US or Europe is not the same up here.” As well as the cold, ice and extremely rough seas, the world’s biggest island does not have a big road network or trains, meaning everything has to be transported either by sea or air. “I’m not saying that it’s not possible. But it’s going to cost a lot of money.”

With the potential to slash shipping times between Europe and Asia by thousands of miles – or as much as two weeks – the opening up of the Northwest Passage as the Arctic ice melts is viewed by some as an upside of the climate crisis and one of the main reasons Trump has taken such an interest in Greenland...

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COPENHAGEN - Denmark said on Monday it would spend 14.6 billion Danish crowns (US$2.05 billion) boosting its military presence in the Arctic, following renewed interest by U.S. President Donald Trump in controlling Greenland, a semi-autonomous Danish territory.

This month, Trump said Greenland is vital to U.S. security and Denmark must give up control of the strategically important Arctic island.

Following more than a decade of drastic cuts in defence spending, last year Denmark allocated 190 billion Danish crowns (US$26 billion) for its military over a 10-year span, part of which has now been allocated to the Arctic.

Denmark, while responsible for Greenland’s security and defence, has limited military capabilities on the vast island, widely regarded as a security black hole.

At present, Denmark’s capacities include four aging inspection vessels, a Challenger surveillance plane and 12 dog sled patrols, all tasked with monitoring an area four times the size of France.

The deal includes funding three new Arctic navy vessels doubling the number of planned long-range surveillance drones to four, as well as satellite surveillance, Defence Minister Troels Lund Poulsen said at a press conference.

The political parties agreed to set aside more money for the Arctic in a deal that will be presented in the first half of the year.

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Tech stocks are selling off sharply on Monday, triggered by concerns that China’s just-released DeepSeek AI assistant may steal the thunder from U.S.-based platforms like OpenAI’s ChatGPT. Before this week, however, markets have been responding with gusto since November’s presidential election, especially in a few key — and perhaps expected — industries.

The biggest winner so far was the automobile industry, led by Tesla, up an impressive 70% since Election Day as of Friday. General Motors, while not quite as flashy, was up about 5%. Despite President Donald Trump’s rollback of Joe Biden-era electric vehicle mandates, Tesla has continued to command investor confidence, possibly due to Elon Musk’s close ties to the president.

Electricity producers also saw a boost, driven by the AI boom. Data centers, which currently consume 1% to 2% of global power, could grow to 3% to 4% by the end of the decade, according to Goldman Sachs...

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NATO Secretary-General Mark Rutte and Danish Prime Minister Mette Frederiksen agreed at a meeting on Tuesday that allies need to focus on strengthening defences in the Arctic, a source familiar to the talks told Reuters.

”They agreed that in this effort all allies have a role to play,” the source said after the meeting.

U.s. President Donald Trump has expressed interest in making Greenland, an autonomous territory of Denmark, a part of the U.S. since his reelection in November. He hasn’t ruled out using military or economic power to persuade Denmark to hand it over.

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• Denmark will invest 14.6 billion Danish crowns to enhance its military presence in the Arctic, following renewed interest from U.S. President Donald Trump in Greenland.
• The defense plan includes funding for three new Arctic navy vessels and additional surveillance drones, as stated by Defense Minister Troels Lund Poulsen.
• Greenland's Independence and Foreign Affairs Minister welcomed the increased defense spending, calling it a critical first step toward bolstering security in and around the island.
• Denmark aims to modernize its Arctic resources to address security challenges from Russia and China, while reinforcing its sovereignty in the region.

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