Update on the Rare Earth Element Situation

According to The New York Times, supply is finally beginning to catch up with demand in the rare earth element market.

A few months ago, I posted about the Chinese government’s export restrictions on rare earth elements. The bad news for the lighting industry was that China’s nationwide production cap was causing the price of fluorescent light bulbs to rapidly increase. (Rare earth elements are a crucial component to the process of creating a fluorescent light bulb).

However, it seems that international prices for rare earth elements have fallen since August and are continuing to decline! The timeline for the impact on the lighting industry is unclear at this point. For more information, read this article.

Emily Widle

Emily Widle

Emily graduated from UNC Chapel Hill with a degree in journalism. She enjoys scouring the news to report on the latest in the lighting industry as well as bringing valuable remodeling tips and exemplar home projects to light.