America's war machine needs Chinese magnets, so we're going to make our own. But nobody knows how.
ฝัง
- เผยแพร่เมื่อ 5 พ.ค. 2024
- The United States is racing to develop a rare-earth metals mining, refining, and magnets production industry before 2028.
Resources and links:
America’s War Machine Runs on Rare-Earth Magnets. China Owns That Market.
Wall Street Journal, paywalled: www.msn.com/en-us/money/compa...
MSN, free but abridged: www.wsj.com/business/china-ra... - วิทยาศาสตร์และเทคโนโลยี
Literally made me laugh. Our “great” politicians forgot once again that China is the factory of the world.
Your politicians all believe that your allied India will replace China as the world factory soon. So they don't need China anymore.
What's funny is that almost all problems created by U$ are suddenly China's fault.
If US suffers from constipation it would be .....you guess'd it China's fault!
$90k for a bag of US nuts anyone and the chinese will do them for 99% off and probably thrown in another bag for free.
...and free shipping ! ...LoL
Not bad for a developing country.😏
@@jaydee6268
Agree. 💯 Agree. Concur.
It IS a developing country. Always will be. 😂😂😂
@@etow8034
My house is full of things I buy online from China. Cheap and good and yah, free shipping 90% of the time! 😊
Yes that’s why the Chinese are now the wealthiest country in the world
And Americans have to borrow trillions a year to keep the ponzi scheme going
When neodymium-iron-boron magnets were first introduced in the 1980s most of the manufacturers of them were in the USA. Then Chinese manufacturers appeared with prices that were about one-sixth of the American prices, and also a major quality advantage: the western-bloc manufacturers were cutting the material with abrasive discs and could only cut straight edges, which meant that curves could only be approximated by gluing various rectangular and triangular pieces together. The pieces were in strong magnetic repulsion and would often come apart after a year or so. Meanwhile the Chinese manufacturers used electrochemical wire-erosion to cut the material; the western manufacturers considered this only as a prototyping technique and not for production. The Chinese manufacturers were by using this technique able to offer curved magnets made from single pieces of material that would not break up. From about 1990 it became a no-brainer to buy Chinese magnets rather than American ones.
Thank you for providing important back ground info.
What? You mean, they didn't steal the tech from the US? Interesting.
I bought my fishing magnets from China until my country banned buying it from China. So I bought local and ya, those "local" magnets were Made in China. 😅😅😅
@@cb250nighthawk3 "Made in american freedom phone!" [Made in China]
@@cb250nighthawk3May I ask which country ban fishing lure from China? I need comedy relief today.
Once again a US "shotgun meets foot" moment...🤣
👌👌🤣🤣🤣👍👍
The Chinese nuts and magnets makers just need to charge more so their employees get pay more.
The Chinese version is: 'lifting big stone only to drop it on own foot'
US reminded me of my small country. We put high tariff to protect our infant car industry 30 plus years ago. Fast forward to today, we still can't make decent cars and need a Chinese car manufacturer to bail our local car company out.
Small country is malaysia
I would add, it is to protect the cronies of the government, well connected suppliers, over priced dealership.
Their arrogance prevents them from being humble enough to learn from its neighbours to the extent that a mouse-poor country up north could even gain pole position today after the same period of time.
Putting high tariff to protect an infant industry is not a wrong move. The problem was the corrupt government allowed cronyism and nepotism to breed and bailout after bailouts did not teach them anything.
yup 30 plus years ago geely (the company that took over proton) was making fridges!!! imagine that how time flies
The earth itself is not rare, it's how it's being extracted to rare earth. China has the best technology and refining it
The Chinese people are doing the dirty works.
Too little, too late for the U.S
While China was busy nation building, the U.S was busy building military bases.
*busy nation destroying in MEast
Building military bases with parts from China lol
@@MossadDid911 ... and threatening others elsewhere too.. busy peddling weapons of death ...
That's what Yellen called overcapacity, it is somehow sad someone in her position doesn't know the meaning of efficiency.
She was only following the boss's orders on what to say despite her academic background at UC Berkeley ?
Amazing! The US is attempting to become self-sufficient in semiconductors, NEV, batteries, ship building, solar panels, wind power, and now magnets. Will wonders never cease. Instead of capitalism, the US has chosen socialism as a path for its industrial rise and rebirth in manufacturing. The problem for all these efforts is cost. They will have to be subsidized to be cost competitive. With our current debt load, is that even possible?
They will subjugate their allies into doing the dirty work for them.
It’s possible if America taxed more and borrowed more
To bring manufacturing back home
Because there will be a cost to build those factories, infrastructure, financial incentives, educating the people
And there would be no guarantees these companies could make a profit or not pollute the environment.
@@DW-op7ly taxed more ?
@@DW-op7ly If you're talking about rare earth magnets, good luck. The US military has a small start up in Texas with Lynas Corp of Australia. We'll see how that pans out. Lynas has a processing plant in Malaysia, but it has been shut down twice for radioactive pollution. Australia has rare earth minerals but doesn't allow processing. America's largest rare earth mine is at Mountain Pass in California and it has gone bankrupt twice. It is currently mining and sends its extracts to China for processing.
@@MASMIWA
I was speaking in general
But yes the Americans don’t have the stomach for Rare Earth refining on a large commercial scale
What they refine would be for their military
America should have the ability to refine those rare earths as of last year
But it does not seem like it’s at a large enough scale to support their military
Definitely not at a rate where they are in a war and they have to keep up production without depleting their stocks
Two third of US F35 cannot fly without Chinese magnets 🤣
Out with magnetics, in with higher cost of inferior ones from US
How do you compete? Let me give you a real-life scenario.
A friend has a small winery. He has a few acres of grapes and a small barn. For a few months a year, during the summer months when the weather is good, he holds wine tasting and hosts wedding receptions on the patio. Everything was fine until the govt came in and said he needed to upgrade this and upgrade that for the new safety and fire regulations. eg. He needs to build a pond and stock it with sufficient water for firefighting (they will come to inspect regularly and fine you if you don't have enough water). He needs to upgrade his electrical panel to power the water pumps. All these for holding a few winetasting on the patio. He already has fire equipment, but the new regulations just tanked him, so he said forget it and closed down the winery.
I have more similar stories.
The Government says new regulations will provide jobs to the unemployed.
This is monopoly capitalism.
They raise barriers to entry to wipe out competitors.
Your friend got caught in the crossfire.
@@michaelloong964 LOL!
"The Time Machine" novel comes to mind, it feels America is slowly evolving into the Morlocks....
For a capitalist country, US is moving the opposite direction into a Non Market driven economy 😅. Instead of solving the root problem which is high cost, this country ignore the free market principle to assume people are willing to pay extra for things. Do they understand how business works?😂
They can hire more talents by printing money
/s
The majority of US politicians never in business, or have a business background. What do we expect?
The US government forces their people to spend more on commodities. The eventual profit, if any, goes to the privileged 1%.
@@ghy8415 I bet most of them (esp T Cotton - Rep Arkansas) couldn't even find China on a blank map. LOL
The United States is only keen on the manufacture of arms.
Obviously, in this field, China competition can be easily excluded.
Chinese monopoly on magnets was there thousands of years ago. Why else was the compass invented in China and nowhere else ?
Also, gunpowder, but they didn't care that much like europeans.
As an American living in Suzhou trying to make sense of the current geopolitical and economic environment I can’t tell you how much I appreciate your content. Keep up the great work!
I subscribed about two months ago and find your reports very informative. Thanks..
Thank you Kevin for the Brilliant prayer at the end. ❤️
Only a few years ago Trump portrayed that China couldn't survive without the trade with U.S and the West, but right now it seems just the opposite
China is busy with being self sufficient by training young talents and using capital wisely while US is too busy looking for more wars to fund their industrial military complex.
@@estiennetaylor1260and the US failing on all fronts.
I'm an old metallurgist, near 80, who has been watching my profession move to China for 57 years. I'm still working because there are no young versions of me. (And I am still pre-senile.) Lots of challenges with bringing it back to America. Love your show...finally someone gets it.
Pentagon would not mind how expensive the magnet they will purchase from US magnet company. We all know they paid $1000 for toilet seats to recoup the development cost. Therefore, getting expensive American made magnet is not something they can not swallow. Besides, it creates JOBS. The problem of this kind of thinking is that it diverts resources to make real development good to American. If US is worry about relying on Chinese materials, just stockpile 4 month worth of supply. I guess it will cost less much less. But, it won't help our politicians to look tough.
Runaway inflation comes to mind. The unborn children of america will have to pay for this folly.
Pentagon fails sixth audit in 2023.
Money is not a problem. They print their money anytime they need it. When not printing money, they print toilet paper money, lots of it. How much did you say you want? No problem, sir. Just give me a few hours. And oh, we'll need another hour to dry it.
Yes, 'tough on China' is the buzz words in Congress now. That's how the rabble rouser(s) gets votes.
@@wongpohchan9485 I read that material wise it costs just 5ç to print a dollar bill (or a $100 bill).
Well informed scenarios, plus sceneries.
The plus plus puts smiles on me every morning.
Nobody thought “MAGA” wasted so much taxpayers’ dollars.
Build back better isn't helping them either.
@@defjam137build back better is a slogan.
Sanction the magnets!
National security aka insecurities
Where does America get is broadcasting equipment... China???... So how would all of the news stations and propaganda machines continue... The math is not mathing🌹
I have to admit that I am cheap, because I am typing my comments right at this moment using Chinese keyboard, on Chinese monitor and Chinese computer, even the mouse...
@@ghy8415 China manufactures things that's affordable to all. Cheap is what western terminology that defines their low living standards.
@@ghy8415 Don't look underneath when you go shopping for anything. Chances are it's either 'Assembled in China' or 'Made in China'.
The only way US can compete against China is to lower its education cost by 99% to all of its citizens! Then pay for all research costs for these universities to eventually get some breakthrough in tech that can challenge China. Afterall of these are done, they need to subsidize manufacturing in the U.S. and give free healthcare to their citizens so that companies can all compete fairly on equal grounds.
But this won’t happen cause it’s very very expensive almost like making the U.S. becoming a socialist country and at the same time very time consuming as these change doesn’t come with immediate benefits, the benefits won’t show for a decade or more.
The "politicians" have a 'go to solution' for all the problems you listed. Blame the other guy (China) for whatever problems plaguing this country. It works for both parties (reps and dems). This is about the only thing( other than wars ) that both parties can wholeheartedly agree on.
The government has released most money to the MIC with defense budget skyrocketed to stratosphere.
Free and better education for citizens means little profits for our politicians
.... utopian ideal ... but will it happen? With 12,000 lobbyists working for 'special interests' in Wash, DC it's gonna be a high mountain to climb...
Pantagon: $598 for a hammer
Home Depot: same hammer for $25.
Too much corruption
Trump subsequently shut up. 😂😂
thats how mic make money
Pentagon: $10,000 for toilet seat
Walmart: $15 for the same toilet seat
Home depot: US hammer: $55.
Chinese hammer: $5.
Just as good.
My prediction is the world will buy defense equipment from China because American military industrial complex costs too high
Prob Russia.
@@antediluvianatheist5262
And Iran.
And Yellen begged China to buy US Treasury Bonds to 'fight' China. LOL!
Glad we’re finding out about this now. Hopefully it will inspire some innovation and competition.
Tough chance, its a money pit for US.
We became lazy, complacent, and were only interested in profits; so we offshored manufacturing to make even more profit.
That offshore manufacturing became more efficient eventually cornering the market. Now we realize our mistake after the cow has left the barn.
The American government and American Business destroyed our manufacturing base seeking after more and more profits.
There's no need to cry about it now. We are reaping what we sowed.
@tag4789Boeing ceo Calhoun was paid $33 million for 2023 and for his brilliant job managing the company.
Offshoring dirty polluting industries was not a bad idea. It took care of the pollution problem at home without having to spend any money. (This was the main reason but now you never hear this anymore because the MSM prefer to demonize China for taking away American jobs which was not even true because the big corporations built their factories in China to take advantage of the low labor costs and huge market, in addition to solving the pollution problem). The problem was greedy Capitalists who refused to share profits with the American people. Imagine, the conglomerate Amazon paid zero taxes for years.
@tag4789That is not work.....it is a reward for floating to the top.....actually not true as many executive staff have degrees in business administration but in reality have never worked in their lives in the business they administrate....Boeing rings a bell....😂
"The horse has bolted the barn"?
I've heard the mormons are very knowledgeable about magnets. The U.S gov't should recruit them to increase domestic production. 👍
JB should buy over the Chinese magnet factories just like buying TSMC.
What they even banned magnets from China?
Stop selling them rare earth so that would stop the weapon manufacturing eventually.
💯
Capital idea!
I always turn up the volume at the end to listen to the message at the of each video .
Have you guys seen the “dock” that US military built at Gaza that costs about 300 million dollars. Just a few floating boards and some lines that costs 300 million dollars
Money with no brains.
Easy fix. Print $$$ faster by 5x. Deficit of $1 trillion in 20 days instead of current 100 days. Don't worry, be happy.
Too slow. Print 5x more money and raise deficit by $5 trillion in 20 days instead of current 100 days.
@@estiennetaylor1260
Why not 100 trillion? After all, they have to be the very best at something related to money.
@@JustianoHolguin There's no limit to their printing press 🤣🤣
The Pentagon pays $50,000 for a toilet seat, so they have infinite money for war
Just get one off the fridge
😂
Yeah, just like how the Russians are salvaging/cannibalizing parts from washing machines/cars for their MIC. What a brilliant idea. LOL
Or a washing machine
Thanks Kevin
Like your style!!
The 🍔 is toast 🥪
The downside is the national debt adopts an exponential trajectory. One wonders if the FED will stay with higher rates to ensure enthusiasm for the refinancing of the tsy bonds this year.
Watertown. I visited Watertown three weeks ago. Took the subway. The water taxi picks up right next to the station. Pretty town, just right for a morning or afternoon visit. I visited because it was a short trip from the hotel. | didn't know it was called watertown till I watched your video. Shanghai has many rivers / canals is this the only remnant from the past?
in the 1980s most of the manufacturers of them were in the USA.
I mean… restrictions will create new markets and opportunities right?
ya they always skip the main part doh if u.s wants to have any chance at getting a proper industrial chain they would need to reshore the Chemical and mineral processing. lol try to get that going with nimby and their Money based legal system.
No problem! Just copy!
The US government is sanctioning itself on many things that are cheaper to buy from outside sources. Anyway the US is rich enough to pay higher price like paying USD 90000 for a bag of bushing which cost only USD 50. A Chinese EV cost USD30000 but USD 50000 for US made EV.
Chinese EV's are affordable unlike western counterparts that's more expensive with less features for money
the downside being able to print money , everything are more expensive because your printed money are worth less
Magnet in industry high power microwave unit made in China. 20 years ago its the size of a normal brick, now 1/3 the size of a cigarette packet. I collected some from work when the machine decommission, save it from landfill. Still have no DIY project to use them but I believe they are valuable.
🐉 > 🦅
be good
Magnets are required to make every brushless motor including EV and hybrid cars. I don't see how the magnitude of of this demand can be met in any way other than by China.
pentagon is like a drunken sailor, money is not a problem.... $25k toilet seat, $2k screwdrivers....
There used to be the SOS call Sailors would use when their captains made the same mistake again and most of them died ...
Americans think SOS means Save Our Souls but old Sailors know it means "Same Old Shit"
Niron magnets ?
Thousand dollar a magnet from our factory who cares at least they are the prettiest 😂😂😂
Loved the way when Trump was at the peak hitting China hard with his trade war, Xi Jinping made a televised visit to a rare earth mining operation conveying a subtle message !
D'OH!!!!!!!!! - Homer
Brilliant, export all the wests industry to the east and then try to catch up 😂
I just watched a video about Japanese logistics warehouses buying Chinese robots to keep pace with e-commerce picking packing and shipping due to human labor shortages. Are Japanese robots too expensive? If you can buy 5 Chinese robots for the price of one Japanese or German robot, you will choose quantity and redundancy over quality.
the chinese should charge market rates for their stuff.now everybody says too cheap
Who said that the chinese industrial robot low quality.
@@user-ce6zp7pg1n China produce goods that's affordable for everyone unlike western counterpart that's ripping off suckers.
Not low quality, but "good enough" for the job, therefore good value.
in american doing something is way much harder than stop other people to do something.for example at first people really want to protect the environment but soon people find it is the good way to hurt theres enemy。in the name of goodstuff to do the bad things，americans are very good at it
The way of Tao + Jesus Christ is 💯💯💯
Tell me as an american what business should i be in? It sounds like i can not be in any business without being over competed by China. What is easy with one person business to scale over time.
Honestly, if the government permit you to import supplies from China w/ low tariffs you can make an excellent American business selling or assembling whatever you'd like. It had been a pretty nice partnership and lots of businesses made a ton of money, including many many small businesses. Unfortunately the government is going a different direction, while refusing to recognize that a genuine industrial policy basically requires a flip-society-from-top-to-bottom kinda changes that need to be thoroughly implemented by decades at a stretch. These last-min bandaid laws are basically hilarious, while torturing American consumers and small business owners of all stripes.
As usual the US Empire got its head up its ass 😂
Many years ago America went to see China to build a lot of America commodities, at a cheaper price. America companies and other countries had their own internal competitiveness against their own internal manufacturers.. This was wide spread practices inside each country this was geared to bring down prices in the market place. America went to China, which in turn this will help the lucky manufacturers who investment finance and it's factories into China to servive longer than the other competition factories internally in America, and to create a world manufacturing village and let the market place dictate the commodity prices
.
Purchasing from China, then the prices will be transparent. Where can those politicians in the congress to get paid 😂😂😂😂
fool's errand.
lmao! You remind me the picture I saw, a factory in YiWu making flags and hats with MAGA printed on it.
Protectionism is a losing proposition. It's one of the reasons Argentinas economy struggles. Having to much businesses living on subsidies, not being competitive will put a strain on the economy.
it's a huge US experiment to see what happens when half-arsed ideological and belligerent political fervour displaces business and engineering expertise and does industrial planning.
Green new deal 😂
Nice grift, paid to reinvent the wheel.
"Water, fire, air, and dirt,
Mysterious magnets, how do they work?
I don't wanna chat with a scientist,
Y'all tricksters just make me so miffed."
Another good example of both countries de-risking and preparing for war......Let us not miss the trees from the forest as the saying goes.....
what the actual hell are those background voices in these videos
I bet it is the religious chanting. I think Kevin wants to ingrain his viewers.
it's a prayer. he's very religious and asserted that increased christianity in China resulted in god rewarding it with good fortunes. an interest facet to an otherwise no-nonsense intelligent dude
@@Blinky.Catttt jfc. the damage americans did to christianity is really something else. it might take 100 years before the damage done by George Gilder's "Wealth and Poverty" is overcome.
😂😂😂
😮
Why not put 200% tariffs on them? That should really hurt China based on the men in power.
Look, this is going to be hard to believe but I think most of people asking for tariffs dont really know that you can go above 100%. At least this is what the average person think.
@@doords I know this because canada has been charging 200% tariffs on chinese solar panel because men in power care too much about climate change.
No, it will hurt American consumers and China will simply sell to other countries. The more tarrifs that are applied the more schemes are created to bypass them. You may not have been keeping up but China is no longer dependent on American consumers. Big world out there.
The mouth is bigger than the brain.. talk but no action. This is what is happening in America.
It's not wise for China to not maximise profits by selling at low prices when demand is high and competition is weak. China will be wise to strategically sell at low prices to strangle US manufacturing facilities as soon as they start coming into being.
Can you stop playing the Bible stuff on the background those whispering are really annoying
Turn you hearing aid down a little😂
Could it be that there are spy chips in the magnet and manufactured by slave labour????😁
Why don't we make war machines that need no magnets?
Perhaps China already does, now wouldn't that be interesting 😂😂😂
Of course. How about Roman style catapults? Spears, arrows, swords? Don't need magnets for those. But anything with electronics or motors will needs magnets.
DUDE Y DO U HAVE THE BIBLE RUNNING IN THE BACKGROUND. STOP THAT SHIT
Hard work is dead in US
From the Drudge Report
>More women working now than at anytime in USA!
> Rising Number of Men DON'T Want to Work...
@@albertedwards1612That's because so many young things are undecided.... two categories are just not enough. ❤😂
China should be wiser not to believe those senators bs about that 90k worth of bushings...and get lulled into complacency ... Just accelarte fhe arms build up and take taiwan quickly
Taiwan is never recognized as a "independent" nation but belongs to China officially.