Thank you, Mr. Chair, and allow me to be the first to thank all of our witnesses here today who have provided a five-minute glimpse of their operations and of how we're going to move forward in this industry. It's very interesting.
My first question is for BMO.
Mr. Bahar, one thing we've heard in this committee before, which I'd like you to elaborate on, please, is how much of this industry is controlled by foreign actors around the world, foreign actors in particular who may not have Canada's interests at heart, and how Canada is lagging behind right now. We're looking at China. Benchmark has told us that China controls about 75% of critical elements. As a result, they can flood the market at times and limit the prices so that a lot of other smaller or developing mines very quickly become uneconomical.
Can you comment on that, please?