Thank you very much, Mr. Chair.
I'd like to take advantage of the expertise of our two witnesses to ask them a question.
There is increasing talk of a willingness among the countries in the North Atlantic Treaty Organization, or NATO, to establish a list of strategic minerals to which a base price would be applied to allow mining projects to get off the ground in Canada, as they are in the other NATO countries. As we know, China and Russia are engaging in what appears to be dumping on the market and they're managing to control prices.
Rare earths are a fundamental element in the energy transition, but also in defence and in new technologies. In your opinion, is it realistic to envision a base price for critical minerals in the short term?
Mr. Perry, I invite you to answer first.