Maslin: Virtually 100% of Magnet-Making Equipment Comes from China
John Maslin · How The Rarest Company On Earth Raised $75M from Altimeter · Sourcery with Molly O'Shea · Aug 11, 2025 · at 10:04
John Maslin, CEO of Vulcan Elements, explains the challenge of decoupling magnet manufacturing from China given their monopoly on production machinery.
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“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.”
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