Vulcan Elements CEO John Maslin discusses the cultural resurgence of industrial work among young Americans.
Insight
Maslin: Copy-pasting Chinese manufacturing methods to the US will fail
“If you're just copying and pasting China into the United States and trying to build a manufacturing business around that, you are doomed. You will absolutely fail because when you think about the unit economics, labor costs, Environmental regulations. Permits.…”
Opinion
Vulcan CEO John Maslin is bullish on manufacturing under Trump
“I'm bullish. I think he's already doing it. I can think of a couple of projects, you know, personally in the rare space where we can really put our thumb on the scale and make that happen. I think it's going to take an entire government and industry coalition …”
Assertion Contradicted
Maslin: Virtually 100% of Magnet-Making Equipment Comes from China
“If China manufactures, 94% of the global supply of these magnets, where do you think all of the equipment to make those magnets comes from? It's virtually a hundred percent.”
Assertion Partly supported
Maslin: Vulcan Elements won DOD contracts across every military branch
“One thing that we're really proud of here is we've won several DOD contracts over the line, over the last nine months with every branch of the military, top priority programs, making sure that the defense industrial base has the material that it needs to go an…”
Prediction Not checkable as stated
Maslin: Humanoid robotics reaching planned volumes could 10x global rare earth magnet demand
“If we hit the volumes that companies like Optimus or Figure AI are discussing, that could 10 X the global demand for rare earth magnets by themselves, not even touching on the other industries that are going exponential, like drones or cars”
Assertion Supported
DOD rules ban Chinese magnets in defense hardware by 2027
“If you look at section eight, 44 of the fiscal year, 21, NDAA, they actually banned the use of Chinese magnets and there have been follow on addendums that say by January first of 20, 27, you need any company that sells to the DOD. If there's a magnet, which i…”