China‘s Iron Grip on the Rare Earth Magnet
030723 Recently, the People's Republic of China banned the export of rare earth magnet production technologies for national security interest.
Note, not the particular rare earth magnets themselves. The technologies that produce them.
There are 18 rare earth elements - the 15 lanthanides as well as yttrium, scandium, and lutetium. They have wide technological and commercial uses.
Most of these use cases are small - the OEC values global rare-earth metal compound trade volume in 2021 at about $2.7 billion - but they are vital. Thus why we call them the "vitamins" of the tech economy.
But one use case in particular stands out to me over all the others: Magnets.
And China's tech export actions hint at their strategic importance.
In just a few years, China won a near-complete monopoly on the production of these unexpectedly critical magnet materials.
And alternatives cannot economically compete. In this video, let us take a look at the special economic power of the rare earth magnets.
Links:
- The Asianometry Newsletter: https://www.asianometry.com
- Patreon: https://www.patreon.com/Asianometry
- Twitter: https://twitter.com/asianometry
-
3:16
One Hit Wonders
1 year agoMagnet And Steel
221 -
8:00
The Action Lab Archive Channel
9 months agoCan You Magnetize Iron Just By Tapping It?
16 -
17:01
Magnet Fishing Fun
3 years ago $0.03 earnedMAGNET FISHING WITH EXTREMELY STRONG MAGNETS!
2683 -
1:06
GrahamtheBaronHesketh
1 year agoFishing magnet
3 -
0:21
Doggorunning
1 year agoLarge bar magnet🧲 and iron
2 -
6:09
FamilyFriendlyGaming
2 years agoFFG Arts n Crafts Frig Magnet using Glass Pebble
10 -
1:53
ViralHog
9 months ago $0.04 earnedCollecting Iron Dust With a Magnet
1.4K -
0:12
Jkauppafi
1 year agoIron Core DC Magnet
1 -
33:06
The Ravengirl
2 years agoMAGNET FISHING Collab With the Blazing Magnets. Hat Factory Finds.
43 -
0:30
morphtrust
11 months agoconverting red rust to black rust on magnet
5