we have the ceo of molly corps. thank you for joining us, mark. >> thank you for having us here today. >> this is a critical issue. it is not something that developed overnight. the united states used to be a leader in the market. walk us through the market and how we were and china ended up and why are the minerals critical? >> molly corp has been in business for 57 years. we were founded in 1948 and produced in 1952. we were the largest and almost single producer in the world until china discovered rare minerals in their country in the late '70s and '80s. china has in a unique position and they began to pull those products or pull the ores out of the ground and process those products to the world. they flooded the market and lowered the prices. that caused us to slow down production in mountain pass, california. that brings up the issue of market share. china recognized this set of minerals as being strategic and forming the foundation of the industrial base within their country. they have exploited that to the ma