MARKET REPORT: Amaroq Minerals shares warm to Donald Trump's Arctic ambitions

MARKET REPORT: Amaroq Minerals shares warm to Donald Trump's Arctic ambitions
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MARKET REPORT: Amaroq Minerals shares warm to Donald Trump's Arctic ambitions
Published: Jan, 07 2025 22:10

Summary at a Glance

MARKET REPORT: Amaroq Minerals shares warm to Donald Trump's Arctic ambitions As Donald Trump Jr flew to Greenland, Amaroq Minerals was higher than ever.

Donald Trump Jr landed in Greenland on a ‘personal day-trip’ hours after his father repeated his wish for the US to take control of the autonomous Danish territory.

Its shares, already 38.5 per cent higher last year, making it one of Aim’s best-performing miners, advanced a further 3.4 per cent, or 3.5p, to a record 107p, valuing Amaroq at more than £410million.

Trump, who takes office later this month, is unhappy that about 90 per cent of the world’s supply of certain minerals critical to the manufacture of electric car batteries rests in the hands of Russia and China.

The president-elect’s eldest son landed in the capital Nuuk on a ‘personal day-trip’ hours after his father repeated his wish for the US to take control of the autonomous Danish territory.

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