One thing that's been quite exciting about the critical minerals sector is that, in addition to the base types of technologies that we provide, there are two massive future industries to support. One is clean energy, which may or may not include EVs, but certainly we're talking about renewable energy and mobile batteries, etc. And at the same time—at least in our company, but also with many other critical minerals—they have long gone into defence applications.
We see both as growth industries over the next 20, 30 or 40 years. It's just a matter of what your percentage of growth is. The opportunity for us is not to pick one or the other, but absolutely to produce more minerals for all applications around the world. In our historical trading relationship for our critical minerals—we produce mostly nickel, but also copper and cobalt, and some days we're a gold miner who happens to pull nickel out of the ground—these have been essential for the American industry.
I'll give you a perspective. We have five nickel mines in the city of Sudbury, and we invite any and all members of the committee to come visit. There is one in the entirety of the United States, and it does not have a refinery. It has to send that to Canada to be refined. This has been a good bilateral relationship for a number of years.
Our opportunity not only to supply the world's biggest market, but to add new markets such as the European Union, is immense.
