From a recent comment on the video:
Originally Posted by
MagneticSyncopation
If you notice at 1:57,he is moving the handheld magnets.If you can understand this, how he is able to keep this working is due to the motion of his hand affecting the position of the hand-held magnet.
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In other words, by moving the hand-held magnet he does work (i.e. supplies energy) on the system.
If you do build this, please post back and let us know what you find out.