Trump Is Eyeing Greenland. His Commerce Nominee Has Financial Ties There.
Published On Jan 29, 2025, 5:03 AM
The article discusses Howard Lutnick, a nominee for commerce secretary under President Trump, who has potential financial interests in mining in Greenland through his firm's investment in Critical Metals Corp. This company plans to commence mining operations as soon as 2026. Lutnick has agreed to divest his interests if confirmed, but his elevation to this position could benefit mining operations in Greenland and enrich investors in Critical Metals, particularly as U.S. economic interests grow in the region.
Stock Forecasts
CMTL
Positive
With the ongoing interest in mining minerals from Greenland and Lutnick's potential influence as commerce secretary, Critical Metals Corp. might see a rise in investment interest as the U.S. government may open more opportunities for mining in the area. The expected confirmation of Lutnick and his exit from Cantor Fitzgerald may lead to growth prospects for Critical Metals in the coming years, projecting a positive outlook for investors in this stock.