Industry committee  I do not know the answer to that question off of the top of my head. I'm sorry.

Industry committee  By the way, very briefly, I looked it up while you asked. The U.S. does not publish the number for lithium. It's withheld for confidentially reasons, but it's very small. For the threshold, the way I would think of it is we have a lot of well-established tools that we've used in

Industry committee  The way I think of it is you progressively go from the raw materials to something processed. You then turn this into a battery pack. The battery pack goes into a vehicle. Ultimately, you make a lot of money on the vehicle. There's value that accrues throughout the chain. The que

Industry committee  As a student of energy security, I would say that we've learned over many years that local supply chains and local production have certain advantages over international supply chains. There are fewer linkages. There is less exposure to effects that may happen far, far away. Howev

Industry committee  A brief answer on how to solve this problem.... Thank you, Mr. Chair. Very quickly, I would say that, one, we need I think a better infrastructure of information. As you know, when something happens in the oil market and the gas market, we've been doing that for a long time an

Industry committee  I won't pretend to have done due diligence on the project in order to be able to offer a fair price for the transaction, but I will say two things. One, on lithium prices, if you look at the chart, they have gone up a lot, so what this transaction would be today versus three or s

Industry committee  Yes, I can speak maybe a bit from a U.S. perspective as well, because I think it speaks a little more to my experience. The major challenge with China right now is that they are a dominant part of the processing, the point where the mineral comes out and becomes something usefu

Industry committee  Thank you. I won't profess to critique or be an expert in the Canadian strategy on critical minerals, but I will say that something we've seen in a lot of places—not just the United States, which I know very well, or Europe, which I also know very well—is that we have a tendency

Industry committee  Thank you for the question, Mr. Chair. I think the short answer is, yes, where it makes sense. We're talking about a lot of technologies. We're talking about a lot of minerals. Some countries have them; some countries don't. Some countries have industrial competencies that other

Industry committee  Thank you for the question, Mr. Chair. As you've pointed out, I live in the United States—I'm not a Canadian—so I will answer this from a certain distance. The key point I would like to make is the broader question here: Should we care who owns lithium and who produces lithium i

Industry committee  This is a global market. It's the same way we think about oil. If in one place in the world something happens, it affects us all. Over time this is what is going to happen with these critical minerals. We may not see it today because they're a smaller part of the market, but that

Industry committee  Mr. Chair, thank you very much for inviting me to address this committee. My name is Nikos Tsafos. I hold the James R. Schlesinger chair for geopolitics and energy at the Center for Strategic and International Studies in Washington, D.C. I have spent my career at the intersecti