China News Blog

The world is small – this set is known mostly from the more private context. With regard to globalization, however, consumers had rarely seen before, and witness how today's tight economic aspects are interconnected. Announced on several occasions in recent months that China had to reduce exports of the so-called rare metals, has been well known.In general, this was pointed out that the metals are used for the production of computers, televisions and mobile phones especially needed.

Of a possible price increase was the speech. But now could be the decrease of the exports much more direct impact on the world's consumers. For the rare earths are also needed in the production of the now standard energy saving bulbs. And just to solve this new month once more from the traditional incandescent bulbs. That prices will rise due to China's politics, it is already clear. Because with the manufacturer Osram has already announced the first in the industry and implemented a price increase already in the act. The chances are good that the competition will add logs in the coming weeks and months. By up to 25 percent of Osram's prices are rising, according to latest figures. The market leader Philips from the Netherlands will in turn be active in early October.

Industry Internally, it points to the scarcity of the rare earths, a real explosion of the material costs would result. The listed price jumps but could rise again massively. For one thing is not clear whether China will adhere to existing policy or the export will probably go down again. In addition, many companies currently in production with the wholesale reserves passage. Depending on the required metals are renewed rises in the price is not unlikely. The People's Republic of China is exporting the world's number among the countries, the rare earths. It brings the country currently accounts for about 95 percent of the world market in this sector. Within just 12 months, prices rose by an average of around 130 percent.

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