Awaiting the Eventual Return of the Rare Earths Market

Business Insider reported on how China’s stranglehold on rare earths has affected the price of light bulbs.

The market news is quoted as saying:

GE, for its part, is defending the rising price of CFL bulbs by pointing out that the price it pays for a rare earth called europium oxide has risen 1,128% in the last 12 months. Things are tough all over. So what’s behind China’s “temporary shutdown” of rare earths production?…many of the mines were operating illegally, dumping loads of toxic chemicals into the soil and the water supply.

To read the full market news, click here.