Rare earth supply chain is the hard logic.

Take a look at the current situation: China controls 70%-90% of the world's rare earth processing capacity, which is basically a monopoly. But the story is not over yet.

Greenland holds a treasure—besides China, the world's largest undeveloped rare earth deposit. Especially heavy rare earths, the Tanbreez deposit alone has over 18 million tons of rare earth oxides reserves. Once this link is established, the entire supply pattern will be rewritten. This is not just a matter of commodity prices; it involves national-level strategic competition.