Well, the US imports a full 70% of its rare earth from China, and a crackdown could devastate the supply chain. Our next guest is the CEO of the only company in America manufacturing industrial magnets that use zero rare earth metals. Their customers span industries from defense and EVs to medical devices and more.Jonathan Roundtree of Nyron Magnetics joins us now. Jonathan, uh, great to have you with us. >> Yeah, thank you for having me on the show today.>> And you just broke ground on a second manufacturi ...

Is this a bubble. Well, thanks for having me on your program. And of course, that is the question that people are asking when things like this just go parabolic, to use a word that captures the imagination.People wonder, you know, how long can this go on. And they start comparing it to the past. We don't believe that it's a bubble.The underlying factor and force is the the usefulness that can be gotten from these A. I. models.And we're only at the very, very beginning of that. You know, companies are having ...

Core Insights - The article discusses the importance of understanding the mechanics of machines to grasp their functions [1] Group 1 - Tim Worstall is identified as a wholesaler of rare earth metals and an expert in scandium [1] - Worstall is affiliated with the Adam Smith Institute in London and contributes to various media outlets including The Times and Telegraph [1] - The article mentions a connection with Mohamad Machine-Chian, indicating a collaborative or related perspective [1]

分组1: 公司表现 - IBM's stock increased by 2.5%, while Dell's stock rose by 5% [1] - Advanced Micro Devices (AMD) saw a gain of 7% following previous increases [1] - Constellation Brands reported earnings of $3.63 per share, exceeding estimates of $3.38, despite a 43% decline in stock over the past year [2][3] 分组2: 销售和市场趋势 - Alcohol beverage sales were down 1% year-over-year in 2024, indicating a potential cultural shift in drinking habits [2] - Beer sales specifically decreased by 7% compared to the same quarter last year [4] - The overall business reported a 15% decline in systemwide sales [3] 分组3: 特斯拉动态 - Tesla is speculated to be teasing a new product, possibly a resurgence of the Roadster or a more affordable Model Y version [6][7] - The company is making significant advancements in full self-driving technology and recently released an updated operating system [8][9] 分组4: 政府投资与资源 - The U.S. government is actively investing in companies related to rare earth metals and lithium, including a 10% stake in Trilogy Metals, which has a high-grade copper-cobalt deposit in Alaska [12][13] - Trilogy Metals' stock has surged by 232% due to government interest and investment [15]

Core Insights - The appeal of exchange-traded funds (ETFs) lies in their ability to provide easy diversification, but they must meet two key requirements: compelling performance and attractive costs [1] Group 1: ETF Performance and Costs - Three ETFs are highlighted for their strong performance, each generating at least 67% returns year-to-date (YTD) while maintaining annual fees below 0.60% [2] - The VanEck Rare Earth and Strategic Metals ETF (REMX) has returned 73% YTD in 2025, with an expense ratio of 0.58% [3] - The VanEck Uranium and Nuclear ETF (NLR) is positioned to benefit from the nuclear power industry's expected growth to 12% of the global energy mix by 2040, with an expense ratio of 0.56% [5][6] - The Schwab Crypto Thematic ETF (STCE) has returned 76% YTD, with a low annual fee of 0.30%, significantly lower than the Grayscale Bitcoin Trust ETF [10] Group 2: ETF Holdings and Market Focus - REMX tracks an index of companies involved in the production, refining, and recycling of rare earth and strategic metals, essential for various tech products [2][3] - NLR's portfolio includes companies across developed markets, providing exposure to a range of regions and regulatory environments in the nuclear power sector [6] - STCE focuses on companies benefiting from cryptocurrency and blockchain technology, with a portfolio that is predominantly U.S.-based (81%) and includes a balanced mix of market caps [9]

Group 1 - The article discusses the complexity of financial instruments, likening them to machines made up of various moving parts [1] - Tim Worstall is identified as a wholesaler of rare earth metals and an expert in scandium, contributing to various media outlets [1] Group 2 - There is a mention of a connection between Tim Worstall and Mohamad Machine-Chian, indicating a collaborative or related perspective [1]

Core Insights - MP Materials has seen a significant stock increase of over 350% this year, driven by its role in the production of neodymium-praseodymium (NdPr), essential for various technologies including electric vehicles and wind turbines [1][2] - The company is the only rare-earth metal mine and processing site in the U.S., positioning itself as a key player in the domestic supply of rare metals [2] Financial and Strategic Developments - MP Materials generates revenue by selling rare-earth concentrates and producing permanent magnets, with recent strategic partnerships enhancing its market position [4] - A notable $400 million investment from the Department of Defense includes a commitment to purchase NdPr oxide at a price floor of $110 per kilogram over the next decade [4] - A partnership with Apple worth $500 million will see MP supply magnets for "hundreds of millions" of devices starting in 2027, indicating strong future demand [5] Valuation and Market Position - Currently, MP Materials trades at nearly 83 times forward earnings, reflecting a high valuation typically associated with technology companies rather than mining [7] - To achieve further stock price growth, the company will need to complete its 10X facility, which is crucial for meeting anticipated demand [7]

Group 1 - USA Rare Earth shares have risen over 31% since the beginning of the year, driven by increasing investor interest in rare earth metals and magnets, particularly as the company approaches the completion of its rare earth magnet production facility in Oklahoma [1] - The company has a competitive advantage over peers like MP Materials, as it has the potential to produce both light and heavy rare earths, along with other minerals, due to its rights to the Round Top deposit in Texas [3][4] - Round Top also contains gallium, a critical material for semiconductors and defense applications, which presents a significant opportunity for USA Rare Earth as the U.S. seeks to enhance its domestic supply [5] Group 2 - USA Rare Earth estimates that the GDP of industries it can serve exceeds $3 trillion, compared to approximately $1 trillion for MP Materials, indicating a robust market opportunity [6] - The company has already secured a dozen initial signed agreements and is actively engaging with over 70 companies across various high-growth industries, suggesting strong demand for its products [7]

Group 1 - Tim Worstall is a wholesaler of rare earth metals and an expert in scandium, indicating a niche market focus [1] - Worstall is affiliated with the Adam Smith Institute in London and contributes to various media outlets, showcasing his influence and reach in financial discussions [1] Group 2 - The article does not provide specific investment recommendations or advice, emphasizing the importance of individual investor discretion [2] - It highlights that past performance is not indicative of future results, a common disclaimer in financial analysis [2]

Geopolitical & Security Concerns - The US and China are in a state of competition, both trying to buy time to strengthen their positions, potentially leading to kinetic conflict over Taiwan [5][6] - China's military advancements in the South China Sea are a concern that should be addressed alongside economic integration [2] - The US precision weapons capacity needs improvement, with current battle rhythm measured in days, not weeks or months [7][8] - A potential new "axis of evil" may be forming with countries like China and Russia [10] Economic & Industrial Implications - The US is behind China in AI chip production and inference capacity [4] - The US needs to protect domestic industries with tariffs to avoid reverting to the "lowest common denominator," which is China, and facing national security issues [17] - The US is experiencing a global digital manufacturing renaissance, driven by innovation and investment in defense technology [20] - The US is allocating $200 billion in addition to the current defense budget for rare earth metals refining, processing, and mining, plus another $100 billion for advanced defense technology [8] - Chinese cars are becoming increasingly competitive, potentially impacting the US automotive market [11][12][14][15] Strategic Timelines - The US needs approximately 18 months to improve its strategic position [9]