President Donald Trump has floated the idea of buying Greenland multiple times. Danish Prime Minister Mette Frederiksen has called the notion "absurd." It has triggered a diplomatic row of sorts.
Yet Trump's interest in Greenland is just the latest indication of the island's increasing geopolitical importance. It is even drawing the eye of China.
Greenland's strategic value is linked tightly to new North Atlantic shipping lanes opening up due to melting polar ice caps. The new lanes have dramatically decreased maritime trade travel times, which generally includes traveling through the Panama or Suez canals to circumnavigate the world.
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