The Arctic Century
The Arctic Century is an independent non-profit organisation established by
joint efforts of the international experts. We cover the most recent
developments in science, business, and technologies, as well as key
political and economic trends across the Arctic in the form of news,
features, opinions, and articles.
The strategic importance of rare earth elements (REE) originates from their key role in the "green transition" and the use of renewable energy technologies. In addition, thorium is extracted from REE ores, which promises to replace uranium in the future as the basis for nuclear fuel production due to greater availability and environmentally friendly features. One ton of thorium can produce as much energy as 200 tons of uranium or 3.5 million tons of coal.
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Most Read
Searching for 13 Billion Barrels of Oil in East Greenland
Texas-based Greenland Energy Company hopes to find 13 billion barrels of oil in Jameson Land this summer, but geologists estimate the odds are slim, and an existing oil ban adds further legal uncertainty.
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4 minutes
The Franco-Greenlandic Agreement of March 3, 2026: Between Economic Sovereignty and Strategic Projection in a Transforming Arctic
The Franco-Greenlandic mineral cooperation agreement of March 2026 signals strategic positioning rather than a structural shift—clearer gains for France than transformative change for Greenland.
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More Offensive Strategy of the Swedish Coast Guard
The Swedish Coast Guard boarded the Panama-flagged bulk carrier Hui Yuan outside Ystad on suspicion of environmental crimes after it was caught flushing coal residues into the sea. The operation is part of a new, more offensive Coast Guard strategy.
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Danish Politicians on Trump's Statement: We Are Not a Piece of Ice
Danish and Greenlandic politicians react to Trump's comments about Greenland, calling the country 'a piece of ice that is poorly governed.' Acting Foreign Minister Lars Løkke Rasmussen, Greenlandic chairman Jens-Frederik Nielsen, and members of parliament respond with defiance.
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Arctic Shipping Discussion in the Republic of Korea
A lively debate is underway in the Republic of Korea about the potential use of the Northern Sea Route to deliver high-value-added goods to European ports with reduced time and cost.
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Republic of Korea to Use Northern Sea Route for Commercial Shipping
The Republic of Korea quietly entered the Arctic race in 2023, passing the Polar Activities Promotion Act and the First Basic Plan for Polar Activities Promotion (2023–2027). The Republic's authorities see the Northern Sea Route (NSR), which runs partly through internal waters and also through Russia's territorial sea and exclusive economic zone, as the only feasible shipping route, rather than Canada's Northwest Passage.
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The Global Energy Shortage Will Last for a Long Time
Unrest and threats in one of the world's most important oil transport arteries contribute to strong market fluctuations.
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Iceland EU Membership "Can Only Have Negative Effects"
Hermann S. Guðmundsson, CEO of Kemi, strongly criticizes the government's interest in joining the European Union.
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