Fluorescent Price Increases - China Consolidates Grip on Rare Earths
News Date:
20 September, 2011
By KEITH BRADSHER
Published: September 15, 2011
BEIJING — In the name of fighting pollution, China has sent the price of compact fluorescent light bulbs soaring in the United States.
By closing or nationalizing dozens of the producers of rare earth metals — which are used in energy-efficient bulbs and many other green-energy products — China is temporarily shutting down most of the industry and crimping the global supply of the vital resources.
