Fluorescent Lamp Prices to Rise on Rare Earth Metal Phosphors Shortage | July 12, 2011
Look out for fluorescent lamp price increases in the near future. This includes all CFL's, T8's, T5's, and similar products. Nearly all lighting manufacturers have made us aware recently of dramatic price increases across the board.
The sudden price increase comes from a few different variables but all have the same source - Chinese rare earth metals. China manufacturers 95% of the world's products that include rare earth metals, which are also mostly mined in the country as well. Recently China has dramatically reduced its production of these rare earth phosphors, and has initiated a dramatic increase in pricing for these elements used in fluorescent lamps, partly as part of their goal to reduce exports by 33%. The result has included lamp pricing increases anywhere from 10-50% from what we have seen from our manufacturers so far. Most of the price increases are being instituted around July 15th, and more increases may come in the future.
We are currently updating our website pricing as fast as we can. With the ongoing and constant price changes occurring, it would be best to contact us directly for a custom lamp quote for your project until the dust settles. That way we can see where the best prices are among the many manufacturers we carry to keep the costs as low as possible for you. You can contact us at email@example.com place a call to 800.983.1315.
We will update you as we hear more news and as always we appreciate the ongoing support!
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