Neodymium Is In Demand And China Controls Its Supply
HTML-код
- Опубликовано: 23 окт 2018
- Powerful magnets are necessary for an iPhone to vibrate or a Tesla Model 3's motor to spin. If you combine neodymium with iron and boron, you can make a neodymium-iron-boron magnet, which is the most powerful type of permanent magnet ever created. And demand for these magnets is on the rise. But 80 percent of the world's neodymium comes from China.
You may not have heard of neodymium, but you're probably carrying some of it around with you right now. It's in your cellphone, your headphones and you might be driving several pounds of it around in your car.
Neodymium - pronounced "nee-oh-DIM-ee-um" - is one of 17 chemically similar elements called rare earth elements, and demand for this metal is on the rise.
"Neodymium is responsible for most, if not all, of the growth in rare earth demand at the moment," said Roderick Eggert, deputy director of the Critical Materials Institute at Colorado School of Mines.
For an iPhone to vibrate, for AirPods to play music, for wind turbines to generate power and for a Toyota Prius or Tesla Model 3's motor to spin, they need powerful magnets. If you combine neodymium with iron and boron, you can make a neodymium-iron-boron magnet, which is the most powerful type of permanent magnet ever created.
In the case of your cellphone and earbuds, using neodymium magnets means they can be physically tiny but still strong. For motors, using permanent magnets means powerful, efficient motors with fewer electromagnetic components.
» Subscribe to CNBC: cnb.cx/SubscribeCNBC
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Connect with CNBC News Online
Get the latest news: www.cnbc.com/
Follow CNBC on LinkedIn: cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: cnb.cx/LikeCNBC
Follow CNBC News on Twitter: cnb.cx/FollowCNBC
Follow CNBC News on Google+: cnb.cx/PlusCNBC
Follow CNBC News on Instagram: cnb.cx/InstagramCNBC
#CNBC
#Neodymium
Neodymium Magnets Are In Demand And China Controls The World's Supply | CNBC
![Eminem - Houdini [Official Music Video]](http://i.ytimg.com/vi/22tVWwmTie8/mqdefault.jpg)
Sir, its not "controlled by China". It is China's property.
Absolutely true. Cheers
When something is your property, you are in control of it.
lostn65 but Chinese are humble nation, they like humble words as well.
Yup, very easy to see how the media use words to push their agenda and manipulate their viewers
Right! It's like saying I'm controlling a property. No, it's my damn house!
Us: forbids huawei to have android.
China: hold my neodymium.
Cut the Google from my Huawei p30 PRO and China will cut your Neodymium
No loss..
we will replace google with something better
www.iqsdirectory.com/neodymium-magnets/neodymium-magnets-2/
Fair play ,that’s what Trump demanding at the moment
I was using p20 lite... Thinking to upgrade to p30 pro.
Still await there settle this problem. Or huawei build a stable OS then i will buy it.
They are not rare in the ground they are just hard to get out and process in a usable form.
The problem is the pollution and costs involved in processing them not how rare they are in the ground because they are actually common metals.
ba sillah That still mean rare idiot..
They are actually quite common with the exception of luiticium. The source ore is a mineral called mozanite. It's a mix of zirconium, thorium, several rare earths, and silica. The only reason it isn't processed in the US is because of the thorium. Only China dares to process it and the thorium is discarded causing severe pollution near the process plant.
I remember learning about various types of rare earth metals and how they are commonly found in China. China got lucky with its reservoir of rare earth metals and they are capitalizing on them, as they rightly should! Perhaps saying that they are commonly found in China is incorrect. I should rather say that China mines and processes these rare earth materials much more effectively than other nations. Considering how hazardous the process is, they are taking a risk. If I had some resources that others wanted, I would gladly control them and charge as much as I like, because it has become a necessary component. Firms will pay whatever it takes to ensure that they can manufacture better products. And people will continue to buy them because deep down inside, people are not so worried about the price. They are more concerned with wanting something.
Having said that, when other nations decide to embark on the hazardous process of processing these rare earth metals, then the price will naturally drop due to competition. We all know that competition breeds innovation. Then electronics will no longer be so expensive.
Good analysis.
nope. apple will always be that expensive regardless
You clearly never watched the video they are not rare in the ground they are just hard to get out and process in a usable form.
The problem is the pollution and costs involved in processing them not how rare they are in the ground because they are actually common metals.
@Donald Kasper only indians says that
Pranjal Rahman yes people have to pay the price (environment) to produce that material. Sale at higher price and get that money to implement control in those production plants in China.
china will continue to grow irrespective of american tariffs. It has a global market to supply its goods. Not just america.
china needs $$$
@Gr8 Incarnate made is china is the last on trusted production name while usa is n8 ahead of australia and netherland and china is n50 last place ewww
@Gr8 Incarnate Pretty sure nike products are made in China.
you make it sound like its chinese companies selling chinese products to the world. Instead of chinese workers making products for foreign companies to sell.
@Gr8 Incarnate
Shish, don't give him ideas, the MAGA crowd would use this as an excuse to revive civil war era slavery.
I know it! When I was a kid I bought these type of magnets to deactivate shop alarm tags. Stole shitloads of nice clothes
whoa there Satan
I like the way you talk !! (John Wayne in the Green Berets)
That lady, at the very end, made most sense amongst all others. Wish people in power would listen to sensible individuals like her before undertaking tariff wars and bringing on economic apocalypse down on the whole planet!!
We have to remember that countries that have rare earth reserves are not the same as countries who produces them. Just like mentioned in this video, it’s not because they are rare, but it is because very difficult to mine them.
The superpower countries will try to approach the weaker countries that have significant rare earth reserves but do not have the means to dig them up.
Responsibilities are great things to have as long as you take care of them.
Neodymium is great for making both medium and large speakers very expensive... it also makes them lighter in weight, and smaller in depth size.
Neodymium is used to make neodymium-iron-boron magnet the strongest magnets in the world and can be used to make electricity conductors to produce electricity more abundantly, and technology uses in advance technology
China sell them at insane low price , it is not possible for us company to compete ! Economic 101 , no conspiracies .
The u.s. does not overcharge on things thats crazy look at the medication prices...oh wait😂😂😂
The most important benefit of not having answerable to people, in US you would be sued for radiation poisoning by 50 NGOs by the time your neodymium processing plant is operable.
@@alexs3ya332
or you could use the chinese vaccines, which had more than 3 separate incidents involving a couple hundred thousand doses being expired
@@sinapi6031 or just make em completely inaccessible like the hep vaccine in the u.s. i know if i was sick id take an expired drug anyday over nothing
@@alexs3ya332
just move to china, they'll happily accept you as a propaganda subject
It's in dynamic microphones as well.
us: "give me the rare earth metals now!"
china: "No!"
us: :0
US: Ok I will be fine since I have a large reserve that I left untapped for moments like this.
China: :O
Bla bla bla ....
then Molycorp declared bankruptcy !
Molycorp Inc. was an American mining corporation headquartered in Greenwood Village, Colorado. The corporation, which was formerly traded on the New York Stock Exchange, owned the Mountain Pass rare earth mine in California. It filed for bankruptcy in June 2015 after changing competitive circumstances, declining prices on output and a 2014 restructuring.
Anyone want to invest in a rare earth mine in US ?
USA is creaating fear mongering for something might happen which is actually reverse engineering people socially against china by indcing fear in them that china is monster because something might happen . USA was so happy when it was the only source of rare earths . 😂😂😂 Hypocrisy to whole new level .
There are rare earth miners in Australia - producing all the rare earths in volume if needed
Just found this channel, pretty amazing!
Ok?
It’s the news like tf 😭😭🤣🤣🤣🤣
Gee, I wonder how much of that element is on the moon, or can be found other places out beyond Earth's atmosphere?
Why else do you think there is so much effort and competition to get into space?
For the scenery?
How much per ton do you think it costs to just ship from the moon? If pure gold covered the moon it still wouldn't be worth it.
So we have mine for electric cars. What no way. I thought it was clean
Yup Chinas got 90% of rare earth materials on its surface. Thats why alot of companies are moving to China + skipping the US tarriffs.
Rare earth metal is literally in every country on earth. China just has the infrastructure to process them, and companies find it easier to buy from China instead of creating a startup or venture to mine them in the US or Japan. Japan as a matter of fact hit a treasure trove of rare earth metals in its seabed, and has already went into researching and developing ways to mine them, the Japanese are obviously geniuses so its only a matter of time before they have a robust method of extracting the trillions of dollars worth of rare earth metals on its shores.
China doesn't have 90% of rare earth metals in the world, China SUPPLIES 90% of rare earth metals to the world. THERE'S A BIG DIFFERENCE. Mining rare earth is incredibly polluting and countries like Japan don't mine them because they have environmental laws that China doesn't, in fact Japan has possibly the largest rare earth metal deposits on its shores, and they've been looking for ways to mine them while maintaining their environmental laws, Japanese are smart so its only a matter of time.
www.sciencemag.org/news/2018/04/global-trove-rare-earth-metals-found-japans-deep-sea-mud
Truth this isn’t good . They’re destroying nature . And the devil is in the land of the rising sun. Check Japan’s flags
Truth, that is why China is limiting export now, keeping it domesticly, China has been supplying to the world with a fair price for years while sacrificing its own environment , since the rest of world is not appreciating it, we are stopping doing it.
@@winstonwei9694 Rare Earth deposits that are economic to mine are few. Be especially wary when someone promotes a non-Chinese rare earth project to you.
Real problem is what's the price if US produce their own rare earth. It's not who's the producer.
getting Neodymium from US isn't cheap. increase in prices for US consumers.
so what, i'd rather pay more money for US-derived resources than support a commie totalitarian dictatorship like china that doesn't care about freedom of speech or press
@@NUCLEARARMAMENT yes, but I don't think rest of Americans, including the Feds agree with you. if china that doesn't care about freedom of speech or press, than US Government is terrify about what they are doing to its civilizes, specially after math of 9/11.
You realise there are literally pennies worth of the stuff in your phone? Please don't pay attention to the daily fluctuations in gas prices if Neodymium prices scare you gas prices may scare you to death
@@wvadam CPU chips are made or coated with gold.
Australia second with 15.4%, frig yeah, beats Russia. 🇦🇺👍💪.
Meanwhile, the stable genius loves coal.
Have to wash it first.
😂😂😂😂😂😂😂
Can the thorium and uranium mined alongside neodymium be used in nuclear reactors perhaps even ones constructed near the mine?
america: "i have the most powerful army in the world, i have one of the most famous tech companys on the globe, i control the dollar"
china: "im about to end this countrys whole career"
Yea because that element produces nothing that is a necessity. Wishful thinking.
Lol the US keeps large reserves of everything from oil to rare earth metals. We learned from the oil crisis back in the day and will be fine.
@@dennisp8520 you sure about that
@@dennisp8520 Its said that Rome fell with its nation deluded and oblivious to their impending doom and the US Republic shadows Romes dying days
@@enlightenyourself8555 No we do not mirror Rome. Rome fell because their military became mostly comprised of mercenaries among a host of other issues. America is not that way. We will never fall because if anyone ever tried to take us over we have the threat of nukes to stop a nation from invading.
I think using neodymium magnets in the 3 was a big mistake on Tesla's part as it created supply and pollution issues that did not exist with previous models which use an AC induction motor.
Dr. Klinger’s library is amazing!!
I heard that Shenghe Resources Holding Co China was an investor when Mountain Pass Mine was purchased out of bankruptcy.
CNBC have same logo of HAUWEI
daaa GBT exactly
The US must develop its own source of rare earth elements.
as usual, very informative :)
Is this anywhere near, Dirka, Dirkastan?
one question: who started the trade war and why? Trade is mutually beneficial and deficit is not a good reason for trade war.
Trump. He wants to reduce imports from China and get China to buy more US exports. Accuses China of "raping" the US, "stealing" and "ripping off" the US by by $500B a year. Last I heard, selling something isn't stealing nor is it ripping you off. You get the goods you paid for. It's called trade. China is producing more things the US wants than the US is producing things China wants. Trump doesn't like that, so trade war.
US wants to increase export quotas so as to keep up competition with China's economy. These tariffs and policies are just a way for US to slow down China's growth for them to catch up.
Trade war is inevitable.
I have an electricly charged neodymium magnet.
Helps relief backpain and such
ha That and prayers. You shouldn't take mythology seriously.
Thank you for English caption😀👍🏻💕❤️
If you all familiar in world history. China also control the silk fabric trade.
In other word, the neodymium magnet is the modern silk fabric product of the world.
China needs to raise the price for its rare earth materials to the U S and elsewhere around the world.
Why would you want that? Then you couldn't afford the computer or phone you bought to type your stupid comment.
China actually tried to cut their rare earth exports and lost a WTO case over it in 2015
Definitely price hike that SOB!
I really like CNBC upping their game with content, i am enjoying it and learning more.
I am a proud shareholder of MP materials 🚀
We gonna be rich here soon
Very informative CNBC. thanks for posting.
I had heard of it although I have just realised I have been spelling it incorrectly.
*18 to start mining and processing rare earth materials in US. This video was made in October, 2018. I'm sure the company even made that promise further back but let's work with when this video was made. This is May, 2019. It's been 8 months already with 10 months to go. Have they even start producing rare earth minerals at that mine?*
And Goody didn't know about the value chain and supply chain?
I prefer to call it "Nee-oh, dee-yum".
Even though China has more than 80 percent of rare earth minerals, but those natural resources are limited. The lady on the video said that China can take hostage on the rare earth minerals, but the Chinese officials told other countries' officials to mine their rare earth minerals more than 10 years ago, the Chinese also need those rare earth minerals for their own usages. Even this assistant professor made fake news, she didn't do her homework before making her comments on this show.
I am just thinking if the materials like this are controlled then majority of experiments based on this material may not yield expected result as minor tweaks to supply export may distort properties that are necessary for new invention
Public education is greatly increased during trade war...
How long can man keep taking from the earth before we destroy it or it destroys us.
SpaceX will get us to the asteroid belt, then we'll fight the belters. But at least we'll stop trashing this planet.
@@AZOffRoadster really, the belters have just as much of a stake in the proto molecule and by the time that all kicks of there'll be not much left here, as its already on its way down the tubes. Remember, we only have 12 years to tipping point ...
Neyodimum and samarium are the widely used permenant magnet material for PMBLDC motor's
Samarium magnets are not popular
I find it interesting that Russia’s Siberian territories have not been exploited for the vast resources it holds.
A Good Fair Game!
The future is underneath our feet literally.
All factors covered this is luxury metal, eventually neodymium ore along with any radio isotopes might produce artificial means of production,how is a challenge in abstract progections. Fiction sometims becomes fact.Neodymium isn't the only source of magnetism also.Any ferofluid is also a simple more abundant source of magnetism already deployed and more widely like steel ..
Don’t stress we have heaps of here in Australia.
US has enormous rare earth reserve. The only reason why China supply so much rare earth to the world is low price,
China's rare earth reserves: 44 million MT. US rare earth reserves: 1.4 million MT.
enormous, sure
dw america australia will supply you if needed we mine everything
australia has a company called lynas who is looking into it. but new mining projects can take up to 10 years to reach production. And if china wants to bankrupt all these small company they can just lower their prices of rare earths 10 years later and bankrupt them all like they did last time,
OMG! I just want some magnets to hang things up in my classroom! This is news to me!
Bastnäsite is the endmember sought worldwide, if you got it, name your price.
China bought the Nevada mine when it was bankrupt.
Neodymium is as abundant as copper and not really rare. China operates more mines than the US largely because the US EPA heavily restricts open pit mining.
A huge cache of rare earth minerals was discovered off the coast of Japan that can power the world's economies for centuries.
There's a ~10% Chinese ownership of MP.
Medallion Resources Ltd
OTCQB: MLLOF
Interesting to see how US Americans (or at least many of them) think that all other nations are filled with ratbags as is USA. Kinda projecting their own foul traits onto all others.
American exceptionalism
I call BS, Amazon is still fully stocked with all kinds of neodymium magnets, we'll just have to mine them from Amazon
Leave the rain forest alone. Haven't we damaged our ecosystem enough?
@@Mrityormokshiya Amazon the company, not the forest you dot
@@Meiiokoii rip I was contemplating whether you meant the forest or the company when you wrote about mining neodymium from Amazon.
It is not just about neodymium. Wind turbines usually need dysprosium, and some sources point to this REE as the most demanded one. Hydrogen-fuel cars, meanwhile, need some kgs of lanthanum (hydrogen storage issue). And erbium is needed in signal-sending wires. Gadolinium has important medical applications.
Where can find this raw (neodymium) 😅
Bravo China !
Lets rephrase the title "China has the most Neodymium and they are not selling it to you"
Varsity Public Forum Debate, UNCLOS - AFF REM Contention. Anyone else run this ?
there goes yr magnetic Rail gun... oops!!..
shhhh, let's do backdoor supply eh!!..
Jokes on you now US
Jokes on humans.
Just invest on interstellar mining, source it from another planet.
0:27 "neo comes from the ground." DUH?!
I saw Neodymium and I clicked!
We share the same nickname(symbol in neodymium's case) ! *Nd*
And now China ban it for USA. XD
So electric cars doesn't save the planet
Harvard: wan sum scholarship?
Actually small diesels are usually much greener than EV's that use a lot of rare earth metals.
Some that use a lot even something like a Dodge with a hemi V8 will have a smaller environmental impact during manufacture.
electric cars have larger carbon footprint
@@edwinford8553 Harvard too is dominated by Chinese students,China everywhere 😂
@@Patchuchan all cars from internal combustion to electric cars have large carbon footprint where does the gas for your v8 hemi comes from???!! there are constant boat shipping crude oil around the oil and it has to be refined and has to be transported to cover larger cities . only the future will tell us
There is also a new magnetic motor that as 2x efficiently it use a hallback array a if it would have use the new magnetics it would 4x efficient
There was a US processing plant for rare earths in Indiana. GM owned it and wanted to sell, Chinese were allowed to buy, on the promise to the government that they'd keep it open 5 years. Stupid US government thought the company would then seek a handout to stay open (like all crony companies). Wrong. In 2002, the day after that 5 year period, the Chinese closed the plant, deconstructed it and shipped it entirely to China where they rebuilt the plant the same way it was in Indiana, and got to work. Soon after they controlled the global rare earth metals market.
Well done America.
The US mine cannot be economically competitive simply because US has a strict environment laws about waste treatment. China mines could just dump the waste without much repercussion from the government
see my bull shot quote to actosmagus you bunch of corporate trolls
Most if not all their environmental policies have been changed.
US was shipping their rubbish waste to China. China stops accepting shipments and the US doesn’t know how to dispose their waste
this is the stupidest thing that you just wrote. please do research before writing such statment
Say no more: www.wsj.com/articles/u-s-recycling-companies-face-upheaval-from-china-scrap-ban-1533231057
Thorium powered cars ..
They need to know that Neodymium is actually chemically similar to lanthanium to to it being located with the lanthanides in the periodic table of elements
Now my fridge magnets have an inferiority complex. They're no longer attracted to each other, just repulsed.
Wherr is the adamantium
Already mine out. And the US Government used it all to fused it inside my bones.
Is there any mineral with the name Trumpium?
Subramanian Mani look for it in your sewage system.
People say oil and gas is bad... but look at this all the power and pollution needed to make batteries to convert energy sources losing efficiency
My speakers have neodymium magnets. Powerful sound
My speakers don't, just takes a little bigger amp.
These trade wars are so educational.
I want cheaper stuff not mercantilism Donald Trump.
so vibranium is not the rarest and on demand
Harry WS 😂😂😂😂
Impressive sounding name. Like those u expect from space.
How is it legal for our adversaries to buy such resources as those at the mine and those involved in the U1 scandal?
can we not recycle these neodymium magnets Iam sure tons off that stuf goes to landfills.??
Surely it can be recycled but the abundance of neodymium is very little, no worthy for companies to recycle them
Sure that is doable but the cost and effort of recycling them is probably higher than making new ones and that's a big no no for capitalists.
cost is the biggest problem
Are people truely insane? it is the US which is imposing Tariff on China not the other way around, you want a Chinese dominated resource.. and you don't want to trade for it with tech.. do people even realize how low they are putting them self? you can decide not to trade, but you can't make other do what ever you want.. that is just low.. so very low.
What about China stealing tech? What about manipulating trade in their favor by fixing their currency? How about buying everything in a country and funding projects then moving in entire workforce. How about ethnically cleansing countries? If you think China is better than US then you are insane.
@@PwerRanger01 so all the bad thing about China allows US to not behave?
@@PwerRanger01 Stealing Tech.?
Industrial espionage has been a factor in the capitalist system from year dot. Teardowns of devices etc are standard procedures world wide, you only have to look at Tesla and Apple iPhones, every car company and Teardown company such as Munro have pulled the Tesla's down and analysed every single component and circuit, they don't do that for fun.
When China opened to the West, it made certain conditions such as a partnership with a Chinese Company and Technology transfer, the US and European Companies were tripping over each other in the rush to sign on dotted line and sign away their technology and IP to access the massive China market and the cheap labour and Government provided transportation and Infrastructure and Ports.
So not theft, just part of the deal they signed up for and now crying butt hurt
@@PwerRanger01 wow, by your word, USA is not as insane as China? Hypocrisy at its finest.
After watching this video i can conclude that US is doing everything they can to make China look "bad". Propaganda as always.
@@frankspeaking2630 Ahh so part of the agreement was to hack and steal information was it?? If you had a business with new tech would you be happy if someone stole and copied your product or tech? I don't think so. Then how about use it to develop weapons then threaten other surrounding them? Of course this is never shown in the media though has media is all geared to make the US look like the bad guy.
Use the Thorium! It's the best fuel for nuclear power using liquid salt reactors.
0:50 Telsa cars do not have neo Neodymium in their engine to spin. It is a 3 phase engine invented by nicola Tesla. Same for wind turbine. However, some hybrid car uses a brushless DC motor which requires Neodymium magnet.
By the way, the inductive motor (3 phase) is so much better than the DC brushless motor for cars.
Please produce rare earths so we don't have to give the CCP money
In the USA
It's found in the Florida beach Sand.
Rare earth is important for TV and computer lanthanum is used for large batteries
@Matz Gratz. The processing is expensive and not environmentally-friendly that is why the rare-earth elements ores once they are mined are all sent to mainland China for processing. You are welcome to the environment pollution and environmental destruction.
In California? Good luck getting a mine opened pass those hippies. They’ll tax you to the point you need 500% tariff on Chinese import just to survive.
CesarDeJeronimo Guess we ID a “new Californian” here. Nope, I am from the North, a Yankee actually and lives in the home of the Yankees.
jmarks881 You are number 8 alright, number 8 in GDP per capita. From a state that stretched most of the west coast that’s far from being impressive
Another good reason why US wants NK so much.. they are loaded with rare earth metals.
The manufacturing full-set economic system in the military sector is still intact and manufacturing a whole range of manufactured products to meet the needs of the Pentagon. But it is the manufacturing full-set economic system in the civilian sector which has suffered and fortunately manufacturing is coming back, your country still manufactures more than 40% to nearly 50% of it's machine tools for it's machine tool consumption.
Real Life Vibranium
playboi__ sadly in the hands of a bad government
Kat S. Really?
Neodymium is actually really brittle...