What critical minerals does Greenland contain and why are they important?

Greenland contains probable world-leading massive deposits of graphite and lithium, which are critical to electric vehicle production. Currently, these minerals are dominated by other countries, with China producing 77% of global graphite and Australia/Chile producing nearly 80% of the world's lithium. Beyond these, Greenland is believed to house numerous other valuable resources including neodymium (for magnets and electric motors), uranium (with one deposit potentially the sixth largest ever discovered), and base metals like cobalt, copper, iron, zinc, and nickel. The territory also contains significant oil and gas reserves, estimated at about 52 billion barrels - equivalent to 3% of global proven reserves.