High rare earth prices impact more and more productsPosted: September 18, 2011
In “China Consolidates Control of Rare Earth Industry“, the NY Times builds from a General Electric FAQ on rare earths (covered here) to describe the spreading impact of high rare earth prices. In addition to compact fluorescent bulbs, these prices are driving up the costs of giant wind turbines and hybrid gasoline-electric cars. Even Walmart has been forced to increase the price of the compact fluorescent bulbs it sells.
China’s efforts to consolidate its rare earths industry and to move it more effectively under the government’s watchful eyes promise to increase international pressures for manufacturers to relocate to China to get cheaper prices.
See the article reference above for more details.