Greenland Resources has signed a memorandum of understanding (MoU) with Düsseldorf-based Hempel Metallurgical GmbH for the long-term supply of molybdenum to the German steel sector. The agreement covers molybdenite concentrate and secondary products such as ferromolybdenum and molybdenum oxide, marking a significant step toward positioning Greenland Resources as Germany’s largest molybdenum supplier.
Backed by its NI 43-101 feasibility study and existing offtake and roasting agreements, the company plans further announcements on direct supply deals with German steelmakers. The high-quality, low-emission molybdenum from its Malmbjerg project in east-central Greenland will undergo roasting in Belgium before delivery.
Germany is the EU’s leading consumer of molybdenum, using 16.3 million pounds in 2024, according to the International Molybdenum Association. Greenland Resources has already secured offtake agreements with steel producers in Italy and Finland, further reinforcing its role as a critical supplier in the European market.
The Malmbjerg open-pit mine, located about 30km from Greenland’s east coast, will produce pure molybdenum with magnesium by-products. The project’s low levels of deleterious elements make its molybdenum particularly suited for defence and high-performance steel applications, with the potential to meet all of the EU defence sector’s molybdenum needs and supply up to 25% of overall EU demand.
In June, the company was granted a 30-year exploitation licence for molybdenum and magnesium at Malmbjerg, with operations required to commence by December 2028. The licence allows for an extension of up to 50 years, subject to further regulatory requirements.
