Well, we can't out-China China. It's simple. We don't have the wallets to do that, but when the United States government invests $400 million in one company for equity, for offtake and for price floors, you don't live in Adam Smith land anymore. The invisible hand is visible, and for select critical minerals, the market is not transparent and the market is not efficient, so the ability to rely.... I'm a child of free trade, and I would have loved to see that continue, but we don't live in a world where that is necessarily the global market for these types of commodities.
I do think some of these measures have to be time-bound to provide us and Canada with a first-mover advantage. As I outlined in my remarks, we can be the provider of choice to places like NATO, the G7 and the like because we are established. We can get them out of the ground faster and we can therefore sustain an incumbent position with some of these customers.
I'll give you an example. We sell 70% of our nickel to the United States. That is a good relationship and has been since before World War II. We sell less than one shipment a year to Germany. If you think Germany is overreliant on Russia for natural gas, wait till you see what it does for nickel in its military, because 99% of its nickel comes from Russia.
These are not conditions that will just be magically changed overnight entirely at free market. There will need to be some industrial intervention, as we are in this period of realignment and transition.