4.7 • 9.2K Ratings
🗓️ 6 March 2025
⏱️ 11 minutes
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| 0:00.0 | NPR. |
| 0:02.0 | On Monday, Donald Trump announced a pause on military aid to Ukraine. |
| 0:17.0 | It's a huge deal. |
| 0:19.0 | The US is spending more on military assistance than the next nine other countries combined. |
| 0:25.2 | This freeze comes after the Oval Office blow up last Friday, just before what was supposed to be a signing ceremony on a minerals deal between the U.S. and Ukraine. |
| 0:35.7 | And to understand why Ukraine's minerals are so important to this very fraught negotiation, |
| 0:41.7 | you can look inside a Tomahawk cruise missile. |
| 0:46.4 | That is where you will find a very strong type of magnet, |
| 0:51.1 | a type so strong that it could crush your fingers off. These magnets are part of |
| 0:57.2 | small motors and electronics that the missile uses to help hit its target. And the magnet in |
| 1:02.1 | question is a neodymium magnet. Neodymium is what's called a rare earth element. It's one of |
| 1:09.1 | 17 metals on the periodic table that help our modern |
| 1:12.8 | economy spin. Rare earth elements are also used in batteries, TV screens, and electric vehicles, |
| 1:19.6 | as well as throughout the military. Ultimately, there's almost no defense technology that I can |
| 1:24.7 | produce without rare earths. According to experts like Graceland |
| 1:28.0 | Baskerin, what makes the U.S. military nervous is that China produces 70% of the world's supply of |
| 1:35.5 | rare earths. This is the indicator from Planet Money. I'm Kenny Malone. And I'm Dariam Woods. Both the |
| 1:43.0 | U.S. and Ukraine say the door is still open to a minerals deal. |
| 1:47.7 | So today on the show, we decided to take a closer look. |
| 1:50.9 | What's in the draft deal? |
| 1:52.4 | Do Ukraine's minerals live up to the hype? |
| 1:55.2 | And who profits? |
... |
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