InvestorsHub Logo
Followers 38
Posts 7037
Boards Moderated 1
Alias Born 03/22/2010

Re: A deleted message

Friday, 09/16/2011 10:32:56 PM

Friday, September 16, 2011 10:32:56 PM

Post# of 233360
Just gave you a person mark !!!!!

Katx and Rusty Ridge


China produces nearly 95 percent of the world’s rare earth materials, and it is taking the steps to improve pollution controls in a notoriously toxic mining and processing industry. But the moves also have potential international trade implications and have started yet another round of price increases for rare earths, which are vital for green-energy products including giant wind turbines, hybrid gasoline-electric cars and compact fluorescent bulbs.

General Electric, facing complaints in the United States about rising prices for its compact fluorescent bulbs, recently noted in a statement that if the rate of inflation over the last 12 months on the rare earth element europium oxide had been applied to a $2 cup of coffee, that coffee would now cost $24.55.
http://www.politicalforum.com/current-events/207806-china-puts-squeeze-rare-earth-metals-cfl-bulbs-price-rise.html