I'm glad my remarks were prescient.
One of the three long-term policy recommendations I was going to make to this committee was the requirement for Canadian critical mineral content in procurement clubs such as that. I think we've seen some first steps of that through the G7 critical minerals production alliance. We're seeing an inflow of capital and an offtake agreement. That helps to both provide a demand signal and make the financing immediately available.
Whether it's through ReArm Europe Plan/Readiness 2030 or the SAFE, as you alluded to, Canada is well positioned with the wealth of minerals that it already has—10 of 12. I think the opportunity there, as alluded to in the national defence industrial strategy, is to seek some reciprocity in that. If we're buying your equipment, then part of your equipment should have some Canadian minerals.
Let me put it into perspective by quantifying it. For example, a German submarine—a Thyssenkrupp 212CD—has 30 to 40 tonnes of nickel just in its structure, and dozens more in its plating, piping and electrical systems. If you do that times 12, then there's a great demand signal and a great reciprocity in the purchase agreement. Looking at something really big, a polar class 2 icebreaker uses between 400 and 500 tonnes of nickel. That's about 10 times the size of a submarine.
For things like Canadian nickel in particular, and other Canadian critical minerals, there is a tremendous opportunity for us to manufacture and/or to partner and procure equipment that is based on Canadian critical minerals.