Rare-Earth Prices Hinder Goals

Source:

"Since prices of rare earths skyrocketed, 3050% of LED bulb producers cut production to wait until the prices drop."

China Daily, Zhang Qi

Surging rare-earth prices will hinder the country's targets for energy conservation and emissions reduction as the increased cost of raw material has affected downstream producers, industry experts warned.

Tang Meixuan, general manager of Suzhou New Century Fluorescent Material Ltd, said since prices of rare earths skyrocketed, 3050% of LED bulb producers cut production to wait until the prices drop.

Battery producers for electrical cars using praseodymium, neodymium and lanthanum also felt the pain of rising costs. . .View Full Article

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